9. Tax Audits How does the IRS decide on the percentage of income tax returns to audit
Question:
9. Tax Audits How does the IRS decide on the percentage of income tax returns to audit for each state? Suppose they do it by randomly selecting 50 values from a normal distribution with a mean equal to 1.55% and a standard deviation equal to .45%.
a. What is the probability that a particular state will have more than 2.5% of its income tax returns audited?
b. What is the probability that a state will have less than 1% of its income tax returns audited?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answered By
Odongo bath
I am an Applied Statistics Master's student and, at the same time, a Postgraduate Diploma in Education student. I hold first-class honors in BS (mathematical statistics option). I am a talented, excellent, and exceptional tutor. I handle assignments professionally and in a timely manner. I'm an experienced research writer keen on detail and instruction, and I deliver 100% quality, plagiarism-free work within the required time. I am an expert in assignments and projects in the following subjects: mathematics, statistics, communication, health care, religion and law, B.A. history, English literature, philosophy, financial analysis, business management and economics, psychology, and sociology. My papers are a guarantee of original and well-researched academic papers that are way above recommended standards and quality.
3+ Reviews
30+ Question Solved
Related Book For 
Introduction To Probability And Statistics
ISBN: 9780357114469
15th Edition
Authors: William Mendenhall Iii , Robert Beaver , Barbara Beaver
Question Posted:
