From past history, we know that 60 % of people audited by the IRS owe money to

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From past history, we know that 60 % of people audited by the IRS owe money to the government. If we take a random sample of 500 people who are being audited, what is the probability that between 280 and 320, inclusive, owe the IRS money?

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Statistics For Business And Financial Economics

ISBN: 9781461458975

3rd Edition

Authors: Cheng Few Lee , John C Lee , Alice C Lee

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Question Posted: Feb 11, 2024 12:00 AM

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From past history, we know that 60 % of people audited by the IRS owe money to

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The problem can be approximated as a binomial distribution problem but as the sample size is quite l...View the full answer

Statistics For Business And Financial Economics

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