Donations Organizers of a televised fundraiser know from past experience that most
Chapter 15, Problem 44(choose chapter or problem)
Donations Organizers of a televised fundraiser know from past experience that most people donate small amounts ($10$25), some donate larger amounts ($50 $100), and a few people make very generous donations of $250, $500, or more. Historically, pledges average about $32 with a standard deviation of $54. a) If 120 people call in pledges, what are the mean and standard deviation of the total amount raised? b) What assumption did you make in answering this question?
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