The probability that a person does his or her own return is 0.85. The probability that a
Question:
a. Create a contingency table based on these probabilities.
b. Who is more likely to receive a refund: a person who does his or her own return or one who doesn't?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (14 reviews)
a Own return Not own return Total Refund 68 8 7...View the full answer
Answered By
Sandip Nandnawar
I am a B.E (Information technology) from GECA and also have an M.C.M from The University of RTMNU, MH.
I worked as a software developer (Programmer and TL). Also working as an expert for the last 6 years and deal with complex assessment and projects. I have a team and lead a team of experts and conducted primary and secondary research. I am a senior software engg and senior expert and deal with all types of CSE and IT and other IT-related assessments and projects and homework.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Statistics questions
-
The probability that a person exercises regularly is 0.212. The probability that a person lives to the age of 80 or more is 0.30694. The probability that a person does not exercise regularly and...
-
The probability that a person can roll his or her tongue is 70%. Classify the statement as an example of classical probability, empirical probability, or subjective probability. Explain your...
-
The probability that a person visiting his dentist will have an X-ray is 0.6; the probability that a person who has an X-ray will also have a cavity filled is 0.3; and the probability that a person...
-
How do the Uniform Trade Secrets Act (UTSA) and the Economic Espionage Act of 1996 differ? Why don't these acts always provide a sufficient remedy for the theft of trade secrets?
-
First National Bank charges 11.2 percent compounded monthly on its business loans. First United Bank charges 11.4 percent compounded semiannually. As a potential borrower, to which bank would you go...
-
INVOLVE was incorporated as a not-for-profit organization on January 1, 2023. During the fiscal year ended December 31, 2023, the following transactions occurred. A business donated rent-free office...
-
An independent auditor has completed substantive tests of balance sheet and income statement accounts, and now plans to begin procedures designed to determine whether there are any loss contingencies...
-
1. What business research problem does Royal Barton face? What are his information needs? Outline some survey research objectives for a research project on the Royal Bee system. 2. What type of...
-
Discuss the process of creating a flexible budget. What are the key steps involved, and how does it differ from the process of developing a static budget?
-
Your firm uses a continuous review system and operates 52 weeks per year. One of the SKUs has the following characteristics. Demand (D) = 20,000 units/year Ordering cost (S) $40/order Holding cost...
-
The probability that a household has an annual income of under $100,000 is 0.72. The probability that a household donates less than $200 per year to charity is 0.63. The probability that a household...
-
When driving to class, a student must pass 2 traffic lights that operate independently. For each light, there is a 0.4 probability that it is green. If she must reach both lights when they are green...
-
On June 1, Mia deposited $ 4,000 in an MMDA that pays 5% interest. On October 31, Mia invested $ 2,000 in a three- month CD that pays 6%. At the end of the year, how much interest will Mia have...
-
Pick any two leadership styles that interests you out of the following leadership styles: Autocratic Leadership Bureaucratic Leadership Democratic Leadership Laissez-faire Leadership ...
-
Ivanhoe Construction Company uses the percentage-of-completion method of accounting. In 2025, Ivanhoe began work under contract #E2-D2, which provided for a contract price of $2,237,000. Other...
-
1. Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 6,900 shares of its own common stock at $44 per share on October 11. b. Sold 1,475 treasury shares on...
-
Portsmouth Company makes upholstered furniture. Its only variable cost is direct materials. The demand for the company's products far exceeds its manufacturing capacity. The bottleneck (or...
-
Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows: Average Cost per Unit Direct...
-
The first term in a geometric progression is a and the common ratio is r. Write down expressions, in terms of a and r, for the sixth term and the 15th term.
-
The trade-off theory relies on the threat of financial distress. But why should a public corporation ever have to land in financial distress? According to the theory, the firm should operate at the...
-
We know that the mean weight of men is greater than the mean weight of women, and the mean height of men is greater than the mean height of women. A persons body mass index (BMI) is computed by...
-
Data Set 5 in Appendix B lists full IQ scores for a random sample of subjects with low lead levels in their blood and another random sample of subjects with high lead levels in their blood. The...
-
Repeat Exercise 16 after replacing the low lead level group with the following full IQ scores from the medium lead level group. Assume that the two samples are independent simple random samples...
-
As we have seen in this course, virtually every generation has felt that the existing threat to its privacy was unprecedented in nature. That said, the sheer capacity to collect metadata which exists...
-
In 1982 the inflation rate hit 16%. Suppose that the average cost of a textbook in 1982 was $20. What was the expected cost in the year 2017 if we project this rate of inflation on the cost? (Assume...
-
Alice is single and self-employed in 2023. Her net business profit on her Schedule C for the year is $192,800. What are her self-employment tax liability and additional Medicare tax liability for...
Study smarter with the SolutionInn App