Answer:
y-intercept: (0, 3)
Step-by-step explanation:
Attached is a screenshot of the plotted points (-1, 1) and (1, 5) on a graph. It shows that the line crosses the y-axis at point (0, 3) → which is the y-intercept.
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Answer: The waiting time will be 32 minutes when 240 people in line.
Step-by-step explanation:
Let us assume that the waiting time is directly proportional to the number of people in the queue.
Equation of direct proportion between variables x and y :
Put to find
.
Hence, the waiting time will be 32 minutes when 240 people in line.
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.