What would you report to the benefactor

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As an incentive to get Charity X to hold a fundraiser, a benefactor agrees to pay $1000 plus two dollars for every dollar contributed by other donors. She called you to get some idea of what this might cost her. You do know that for other similar fundraisers, Charity X usually receives an amount Y ~ N(100000, 10000). What would you report to the benefactor?

Reference no: EM132386892

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