Number does matter. I know for chapters in my fraternity to be considered an active chapter in good standing, they must either have 40 or more members or in the top quartile of memberships on their respective campus. I've herd the argument of quality of quantity. I agreed with that, to an extent. A chapter wich has a low number has more problem to deal with. Problem such as financial and lack of resources. Number does matter. After all, the bigger chapter on campus has more functions, better mixers, more involved on campus and so on. That is from experience.
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