How many prospective donors must they contact for donations at the $100 level or below to have a 95% chance of meeting this goal?

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How many prospective donors must they contact for donations at the $100 level or below to have a 95% chance of meeting this goal?

For the nonprofit ballet company in Problem 17 of Chapter 9, assume following percentages of donors and gift levels: The company has set a financial goal of $150,000. How many prospective donors must they contact for donations at the $100 level or below to have a 95% chance of meeting this goal? Assume that the number of gifts at each level follow a discrete uniform distribution or a uniform distribution for the percentage of solicitations at the $100 and $50 levels.

 

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