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  3. suppose the probability of an irs audit is 2.9 per

Suppose the probability of an IRS audit is 2.9 percent for U.S. taxpayers who file form...

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Question

Basic Math

Suppose the probability of an IRS audit is 2.9 percent for U.S.taxpayers who file form 1040 and who earned $100,000 or more.

(a) What are the odds that such a taxpayer will beaudited? (Round your answers to the nearest wholenumber.)
  
Odds that a taxpayer will be audited           to

(b) What are the odds against such ataxpayer being audited? (Round your answers to the nearestwhole number.)
  
Odds against a taxpayer being audited     

Answer & Explanation Solved by verified expert
4.1 Ratings (738 Votes)
GivenProbability of an IRS audit is 29 percent for US taxpayerswho file form 1040 and who earned 100000 or moreiefor every 100 taxpayers who file    See Answer
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