99. The chance of an IRS audit for a tax return with over $25,000 in income is about 2% per year. We are interest expect
Posted: Wed Jul 06, 2022 12:10 pm
99. The chance of an IRS audit for a tax return with over $25,000 in income is about 2% per year. We are interest expected number of audits a person with that income has in a 20-year period. Assume each year is independent. a. In words, define the random variable X. b. List the values that X may take on. c. Give the distribution of X. X. d. How many audits are expected in a 20-year period? e. Find the probability that a person is not audited at all. f. Find the probability that a person is audited more than twice.