The IRS reports that 15% of returns where the adjusted gross income is more than $1,000,000 will
Question:
The IRS reports that 15% of returns where the adjusted gross income is more than $1,000,000 will be subject to a computer audit. For the year 2017, Fred Friendly, CPA, completed 16 returns where the adjusted gross income was more than $1,000,000.
a. What is the probability exactly one of these returns will be audited?
b. What is the probability at least one will be audited?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Statistical Techniques in Business and Economics
ISBN: 978-1259666360
17th edition
Authors: Douglas A. Lind, William G Marchal
Question Posted: