If 120 people call in pledges what are the mean and


Donations

Organizers of a televised fund raiser 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?

Request for Solution File

Ask an Expert for Answer!!
Basic Statistics: If 120 people call in pledges what are the mean and
Reference No:- TGS02214562

Expected delivery within 24 Hours