Probability that she cheats on her income tax return

Reference no: EM131424239

Economics and Finance

In the United States, there is some evidence to suggest a link between people who participate in an office football pool and those who cheat on their income taxes. Suppose 25% of all people participate in an office football pool. The IRS estimates that 15% of all people participate in an office football pool and cheat on their income tax return. Suppose a person is randomly selected.

If the person is known to participate in an office football pool, what is the probability that she cheats on her income tax return? Write a Solution Trail for this problem.

Reference no: EM131424239

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