12% of 120 is 14.4
Change the percentage into a decimal by dividing over 100:
12 / 100 = 0.12
Multiply:
0.12 × 120 = 14.4
Answer:
(A) The odds that the taxpayer will be audited is approximately 0.015.
(B) The odds against these taxpayer being audited is approximately 65.67.
Step-by-step explanation:
The complete question is:
Suppose the probability of an IRS audit is 1.5 percent for U.S. taxpayers who file form 1040 and who earned $100,000 or more.
A. What are the odds that the taxpayer will be audited?
B. What are the odds against such tax payer being audited?
Solution:
The proportion of U.S. taxpayers who were audited is:
P (A) = 0.015
Then the proportion of U.S. taxpayers who were not audited will be:
P (A') = 1 - P (A)
= 1 - 0.015
= 0.985
(A)
Compute the odds that the taxpayer will be audited as follows:
Thus, the odds that the taxpayer will be audited is approximately 0.015.
(B)
Compute the odds against these taxpayer being audited as follows:
Thus, the odds against these taxpayer being audited is approximately 65.67.
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An absolute value means something distance from 0, so |8| = 8 because the distance of 8 from 0 is 8. However the |-8| still equals 8 because the distance from -8 to 0 is 8
So with that in mind, we know that |-4| is 4 because the distance -4 is from 0 is 4
So we have 4*4 = 16
4/15 because you make it into a fraction: 8/30, you find the GCF which is 2, so then you divide both the numerator and denominator by 2 and get 4/15 at it's simplest term