**Problem Statement:**1. One out of every 100 tax returns that a tax auditor examines requires an audit. Find the probability that the first audit is the 25th tax return the auditor examines. - **Distribution Type:** ______________ - **Probability:** ______________**Explanation:**This problem involves determining the probability of the first success (audit required) on the 25th trial when there is a constant probability of success on each trial. The distribution type typically used for this kind of problem is the geometric distribution.To solve this:- Let \( p \) be the probability that a tax return requires an audit, \( p = \frac{1}{100} = 0.01 \).- The probability that the first audit happens on the 25th tax return is calculated using the formula for the geometric distribution: \[ P(X = k) = (1-p)^{k-1} \cdot p \] where \( k \) is the 25th trial.- By substituting the values, \[ P(X = 25) = (0.99)^{24} \cdot 0.01 \]- Calculate to find the probability.

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Description: **Problem Statement:**1. One out of every 100 tax returns that a tax auditor examines requires an audit. Find the probability that the first audit is the 25th tax return the auditor examines. - **Distribution Type:** ______________ - **Probabili

we want find that the first audit is the 25th return the auditor examines which means that we want…

Math

Statistics

1. One out of every 100 tax returns that a tax auditor examines requires an audit. Find the probability that the first audit is the 25th tax return the auditor examines. Distribution type: Probability:

1. One out of every 100 tax returns that a tax auditor examines requires an audit. Find the probability that the first audit is the 25th tax return the auditor examines. Distribution type: Probability:

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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