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1 Nov 2021
Given information
As per the given question,
- The chance of an IRS audit for a tax return with over $ in income is about % per year.
- We are interested in the expected number of audits a person with that income has in a -year period.
- Assume each year is independent.
To find:- Part (c). Give the distribution of .~ _____(_____,_____)
Step-by-step explanation
Step 1.
As per the given question,
- We know that the chance of an IRS audit for tax returns is around % every year.
- Thus, there would be only two possible outcomes in this experiment, since a total of years is being considered.
- Hence, the binomial distribution can be expressed as ~ .
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