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Suppose the probability of an IRS audit is 5.3 percent for U.S. taxpayers who file form 1040 and who earned $100,000 or more. (a) What
Suppose the probability of an IRS audit is 5.3 percent for U.S. taxpayers who file form 1040 and who earned $100,000 or more. (a) What are the odds that such a taxpayer will be audited? (Round your answers to the nearest whole number.) Odds that a taxpayer will be audited _______ to _________ (b) What are the odds against such a taxpayer being audited? (Round your answers to the nearest whole number.) Odds against a taxpayer being audited _________ to __________
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