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 (Computer programs are available for this type of sampling ) a What is...

Define x to be the percentage of return ...

How does the IRS decide on the percentage of income tax returns to audit for each state?

Question:

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 with a mean equal to 1.55% and a standard deviation equal to .45%. (Computer programs are available for this type of sampling.)
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? Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...