Cold calls Justine works for an organization committedto raising money for Alzheimer’s research. From pastexperience, the organization knows that about 20% of allpotential donors will agree to give something if contactedby phone. They also know that of all people donating,about 5% will give $100 or more. On average, how manypotential donors will she have to contact until she getsher first $100 donor?

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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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?

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