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Job Description

Representatives from the American Heart Association are planning to go door-todoor
throughout a community, soliciting contributions. From past experience, they
know that when someone answers the door, 80% of the time it is a female and 20%
of the time it is a male. They also know that 70% of the females who answer the
door make a donation, whereas only 40% of the males who answer the door make
donations. The amount of money that females contribute follows a normal distribution
with a mean of $20 and standard deviation of $3. The amount of money that
males contribute follows a normal distribution with a mean of $10 and standard
deviation of $2.
a. Create a spreadsheet model that simulates what might happen whenever a representative
of the American Heart Association knocks on a door and someone
answers.
b. Replicate your model 5000 times. What is the average contribution the Heart
Association can expect to receive when someone answers the door?
c. . Suppose that the Heart Association plans to visit 300 homes on a given Saturday.
If no one is home at 25% of the residences, what is the total amount that the Heart
Association can expect to receive in donations?