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 (f). Find the probability that a person is audited more than twice.
Step-by-step explanation
Step 1.
As per the given question,
- The said probability can be expressed as .
- Hence, can be calculated in Ti- calculator, the resultant value being .
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