Textbook ExpertVerified Tutor
30 Oct 2021
Given information
Total number of people randomly picked with tax returns over $25,000, n = 100
The chance of an IRS audit for a tax return with over $25,000 in income = 2%
Step-by-step explanation
Step 1.
Random variable X represents the number of people audited in one year.
Number of people expected to be audited in one year,
Unlock all Textbook Solutions
Already have an account? Log in