Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

In the fiscal year 2007, the IRS audited 1.77% of individual tax returns with income of $100,000 or more. If the percentage stays the same this year:
a) Would it be unusual for a return with income of $100,000 or more to be audited?
b) What is the probability that two randomly selected returns with income of $100,000 or more will be audited?
c) What is the probability that two randomly selected returns with income of $100,000 or more will not be audited?
d) What is the probability that at least one of the two randomly selected returns with income of $100,000 or more will be audited?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M9117097

Have any Question?


Related Questions in Statistics and Probability

A restaurant serves hot chocolate that has a mean

A restaurant serves hot chocolate that has a mean temperature of 175 degrees with a standard deviation of 8.1 degrees. Find the probability that a randomly selected cup of hot chocolate would have a temperature of less t ...

Ralph and gina attend differed schools but each have a gpa

Ralph and Gina attend differed schools, but each have a GPA of 3.2 The GPA's at each score follow a normal distribution. Ralph's school has a mean GPA of 2.7 and a standard deviation of .25. Gina's school has a mean of 3 ...

Martin enterprises needs someone to supply it with 109000

Martin Enterprises needs someone to supply it with 109,000 cartons of machine screws per year to support its manufacturing needs over the next five years, and you've decided to bid on the contract. It will cost you $740, ...

When you purchased your house you took out a 30-year

When you purchased your? house, you took out a? 30-year annual-payment mortgage with an interest rate of 7% per year. The annual payment on the mortgage is 16,803. You have just made a payment and have now decided to pay ...

We want to estimate the mean weight of all 7thnbspgrade

We want to estimate the mean weight of all 7th grade boys in a city. It is not known whether the distribution of the weights is normal or not. Suppose we have a random sample of 64 boys from 7th grade from that city and ...

The bold and italics portion is as far as ive gotten with

The bold and italics portion is as far as I've gotten with the equation. Help me finish? And am I on the right track? A survey showed that 1200 of the 1600 adult respondents believe in global warming. (a) Construct a 95% ...

A major car manufacturer wants to test a new engine to

A major car manufacturer wants to test a new engine to determine if it meets new air pollution standards. The mean emission μ of all engines of this type must be approximately 18 parts per million of carbon. If it is hig ...

A restaurant serves hot chocolate that has a mean

A restaurant serves hot chocolate that has a mean temperature of 175 degrees with a standard deviation of 8.1 degrees. Find the probability that a randomly selected cup of hot chocolate would have a temperature of less t ...

In the game of roulette a player can place a 7 bet on the

In the game of? roulette, a player can place a ?$7 bet on the number 18 and have a 1/38 probability of winning. If the metal ball lands on 18?, the player gets to keep the ?$7 paid to play the game and the player is awar ...

If the coefficient of determination is 0738 what percentage

If the coefficient of determination is 0.738, what percentage of the data about the regression line is unexplained?

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As