Textbook ExpertVerified Tutor
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 (e). Find the probability that a person is not audited at all.
Step-by-step explanation
Step 1.
As per the given equation,
- The asked probability can be expressed as , using the Ti- calculator.
- The probability is .
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