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GRE Prep Club Team Member
Joined: 20 Feb 2017
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Given Kudos: 1053
GPA: 3.39
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Re: Smithtown Universitys fund-raisers succeeded in getting donations fro [#permalink]
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Quote:
GeminiHeat - Thanks fort the explanation. I am having a really hard time in understanding the meaning of it. Can you kindly elaborate on it. Thanks.

(A) Smithtown University’s fund-raisers were successful in their contacts with potential donors who had never given before about as frequently as were fund-raisers for other universities in their contacts with such people.


A says that the fundraisers had only average success when they sought contributions from people who had never donated. Already this suggests that the fundraisers are unexceptional. But, more importantly, if they only had average success with those who had never donated, how could they possibly have achieved their 'unusually high' 80%? This only seems possible if they focused mostly on past donors, as the argument contends. If they didn't approach many new donors, that would boost their overall success rate, because they were focusing on high probability targets, more so than is normal for university fundraisers, giving them an excellent conversion rate. They weren't especially good at picking the apples from the top of the tree, but by focusing on the low hanging fruit, they still had a great success percentage overall.
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Re: Smithtown Universitys fund-raisers succeeded in getting donations fro [#permalink]
GeminiHeat wrote:
Quote:
GeminiHeat - Thanks fort the explanation. I am having a really hard time in understanding the meaning of it. Can you kindly elaborate on it. Thanks.

(A) Smithtown University’s fund-raisers were successful in their contacts with potential donors who had never given before about as frequently as were fund-raisers for other universities in their contacts with such people.


A says that the fundraisers had only average success when they sought contributions from people who had never donated. Already this suggests that the fundraisers are unexceptional. But, more importantly, if they only had average success with those who had never donated, how could they possibly have achieved their 'unusually high' 80%? This only seems possible if they focused mostly on past donors, as the argument contends. If they didn't approach many new donors, that would boost their overall success rate, because they were focusing on high probability targets, more so than is normal for university fundraisers, giving them an excellent conversion rate. They weren't especially good at picking the apples from the top of the tree, but by focusing on the low hanging fruit, they still had a great success percentage overall.


Thanks @Gmeniniheat.
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Re: Smithtown Universitys fund-raisers succeeded in getting donations fro [#permalink]
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