What are the odds that such a taxpayer will be audited

Assignment Help Basic Statistics
Reference no: EM132581248

Suppose the probability of an IRS audit is 1.8 percent for US taxpayers who file form 1040 and who earned $100,000 or more.

a) What are the odds that such a taxpayer will be audited?

Odds that a taxpayer will be audited _______ to ________

b) Why are the odds against such a taxpayer being audited

Odds against taxpayer will be audited _______ to ________

Reference no: EM132581248

Questions Cloud

What is the profit variance for each of four product lines : What is the profit (total) variance for each of the four product lines? What is the aggregate profit (total) variance for the business as a whole?
What sales adjusted to a cash basis are : Under the direct method of determining the net cash provided by operating activities on the statement of cash flows, sales adjusted to a cash basis are
What are the odds the player : What are the odds the player will get a hit in this game, assuming 4 at bats per game? Explain
Describe elements of the history of the situation : Describe what the case is about, give the important elements of the history of the situation, and specify the key problem or issue of the case.
What are the odds that such a taxpayer will be audited : Suppose the probability of an IRS audit is 1.8 percent for US taxpayers who file form 1040 and who earned $100,000 or more.
Identify any weaknesses and strengths with accounting cost : Identify any weaknesses and strengths with the accounting costs associated with this business. Explain. NMC feels it has a good handle on direct costs.
Economics Research Paper Assignment : Economics Research Paper Assignment - The regional trading agreement and economic integration between the Gulf Cooperation Council states
How can you relate hypothesis testing to the medical field : How can you relate hypothesis testing to the medical field? Think of an example of how hypothesis testing could be used
Find what are the relevant facts of the situation : Find What are the relevant facts of the situation? What are the ethical issues? What are the alternatives? What would you do and why?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

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

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd