Jose takes a job that offers a monthly starting salary of $2500 and guarantees him a monthly raise of 130$ during his first ye
1 answer:
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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.
The equations are in slope intercept form which is
y = mx+b
m is the slope of the equation. slope is rise/ run meaning that if a slope is 2, you can also say 2/1. this means you go up 2 squares and to the right 1 point. if the slope is negative, it looks like a downhill and the line falls left to right. if the slope is positive, it looks like uphill and the line falls right to left.
the x is what the slope is multiplied by but isn’t significant in graphing because it’s always just x
the b represents the y intercept. the y axis is the vertical line on the graph. for example if b = 7, then the line goes through 7 on the graph and basically tells us that (0,7) is a point on the line.
for y= x + 7, the slope is 1. that equation is just saying y= 1x+7 but the one is unnecessary usually because it’s implied that the x means 1x
i attached a picture of the graphed lines
y = mx+b
m is the slope of the equation. slope is rise/ run meaning that if a slope is 2, you can also say 2/1. this means you go up 2 squares and to the right 1 point. if the slope is negative, it looks like a downhill and the line falls left to right. if the slope is positive, it looks like uphill and the line falls right to left.
the x is what the slope is multiplied by but isn’t significant in graphing because it’s always just x
the b represents the y intercept. the y axis is the vertical line on the graph. for example if b = 7, then the line goes through 7 on the graph and basically tells us that (0,7) is a point on the line.
for y= x + 7, the slope is 1. that equation is just saying y= 1x+7 but the one is unnecessary usually because it’s implied that the x means 1x
i attached a picture of the graphed lines