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The director of a nonprofit ballet company in a medium-sized U.S. city is planning its next fundraising campaign. In recent years, the program has found
- The director of a nonprofit ballet company in a medium-sized U.S. city is planning its next fundraising campaign. In recent years, the program has found the following percentages of donors and gift levels:
| Gift Level | Amount | Average Number of Gifts |
| Benefactor | $10,000 | 3 |
| Philanthropist | $5,000 | 10 |
| Producer's Circle | $1,000 | 25 |
| Director's Circle | $500 | 50 |
| Principal | $100 | 7% of solicitations |
| Soloist | $50 | 12% of solicitations |
Develop a spreadsheet model to calculate the total amount donated based on this information if the company contacts 1,000 potential donors to donate at the $100 level or below.
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Elementary Linear Algebra with Applications
Authors: Bernard Kolman, David Hill
9th edition
132296543, 978-0132296540
