Reference no: EM132845412

Bumble is in charge of his student club's charitable donation campaign. Based on past experience, his club has found that people make an average of $15.00 donation, with a standard deviation of $8.50 (US dollars). The population distribution is found to be positively skewed, since many people tend to donate rather small change that they readily have, compared to relatively fewer people making larger contributions. Bumble has 250 people in mind whom he can contact and ask for donations, and he needs to gather $3,500. Assuming that his contacts represent a simple random sample of those individuals who would make contributions, what is the probability that Bumble will meet or exceed his goal of $3,500 total donations out of the 250 people? (to 4 decimals)