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How many potential donors will have to contact

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Reference no: EM131648424

Question: Cold calls. Justine works for an organization committed to raising money for Alzheimer's research. From past experience, the organization knows that about 20% of all potential donors will agree to give something if contacted by phone. They also know that of all people donating, about 5% will give $100 or more. On average, how many potential donors will she have to contact until she gets her first $100 donor?

Reference no: EM131648424

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