Solution-Calculate expected number of corporations that get

Calculate expected number of corporations that get audited

Assignment Help Basic Statistics

Reference no: EM131651875

Question: VERCOR provides merger and acquisition consultants to assist corporations when owners decide to offer their business for sale. One of its news releases, "Tax Audit Frequency Is Rising," written by David L. Perkins Jr., a VERCOR partner, and which originally appeared in The Business Owner, indicated that the proportion of the largest businesses, those corporations with assets of $10 million and over, that were audited was 0.17.

a. One member of VERCOR's board of directors is on the board of directors of four other large corporations. Calculate the expected number of these five corporations that should get audited, assuming selection is random.

b. Three of the five corporations were actually audited. Determine the probability that at least three of the five corporations would be audited if 17% of large corporations are audited. (Assume random selection.)

c. The board member is concerned that the corporations have been singled out to be audited by the Internal Revenue Service (IRS). Respond to these thoughts using probability and statistical logic.

Reference no: EM131651875

Questions Cloud

Discuss trouble maintaining the integrity of the membrane : If potassium concentrations in the extracellular space are lowered, which of the following problems could this cause within the neuron

Forecasting the demand for natural gas : Describe five additional factors that you consider would be important for forecasting the demand for natural gas over the next decade.

Define hospital is far distance from where the family lives : Analyze problems experienced by parents with children who have long-term illnesses or disabilities

Impact of branding in sales or organisational development : Topic of assignment - Impact of branding in sales or organisational development. Justification and potential output of the research

Calculate expected number of corporations that get audited : One member of VERCOR's board of directors is on the board of directors of four other large corporations.

Discuss the key points in the literature review : Discuss the key points in the literature review and how the author used this section to identify the gap or problem addressed in the study

Explain what would he or she get as a professional person : Frame your statement for the work context. Who are you as an employee? If an employer were to hire you, what would he or she get as a professional person?

Compute number of one a day users expected to be selected : Simmons Market Research conducted a national consumer study of 13,787 respondents. The respondents were asked to indicate the primary source of the vitamins.

Discuss find an offender not guilty by reason of insanity : What criteria need to be met for a judge or jury to find an offender "not guilty by reason of insanity

User Account

All Pages

Calculate expected number of corporations that get audited

Reference no: EM131651875

Reference no: EM131651875

Questions Cloud

Reviews

Write a Review

Basic Statistics Questions & Answers

Statistics-probability assignment

What is the least number

Determine the value of k

What is the probability

Binomial distributions

Caselet on mcdonald’s vs. burger king - waiting time

Generate descriptive statistics

Sampling variability and standard error

Estimate the population mean

Conduct a marketing experiment

Find out the probability

Linear programming models

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT