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One in 104 individual tax returns will be randomly selected to be audited by the IRS. Determine (a) The probability that an individual tax return will be audited. (b) The odds against an individual tax return being audited.

One in 104 individual tax returns will be randomly selected to be audited by the IRS. Determine 

(a) The probability that an individual tax return will be audited.

(b) The odds against an individual tax return being audited.

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(a) P(audited) = 1/104 (b) …View the full answer


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Related Book For  answer-question
A Survey of Mathematics with Applications

A Survey of Mathematics with Applications

ISBN: 978-0134112107

10th edition

Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde

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Question Details
Chapter # 11
Section: Section 11.2
Problem: 53
Posted Date: January 26, 2019 09:39:29
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