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.
Answer:
Step-by-step explanation:
First at all, we need to use to convert this expression into a fraction, like:
to convert into
.
Expand the fraction to get the least common denominator, like
Write all numerators above the common denominator, like this:
The bottom one used the same way to became simplest form, like this:
And it became like this:
Now, we are going to simplify this complex fraction. We can use cross- multiply method to simplify this fraction.
3y-2(5) and 5y-1(3)
and it will becomes like this in function form:
Then, we should distribute 5 through the parenthesis
And.... Here we go. That is the answer.