The chance of an IRS audit for a tax return with over $25,000 in income is about 2% per year. We are interested in the expectednumber of audits a person with that income has in a 15-year period. Assume each year is independent.O Part (a)In words, define the Random Variable X.O the number of audits the IRS does each yearthe number of audits a person who has an income over $25,000 receives in a 15-year periodO the number of audits the IRS does every 15 years for a person who has an income over $25,000O the yearly income of a personO Part (b)List the values that X may take on.O x = 1, 2, 3, .., 14, 15X = 0, 1, 2, .., 14, 15O x = 1, 2, 3, ..O x= 1, 2, 3, ..., 98, 99, 100O Part (c)Give the distribution of X.x-O(0:0)O Part (d)How many audits are expected in a 15-year period? (Round your answer to two decimal places.)auditsO Part (e)Find the probability that a person is not audited at all. (Round your answer to four decimal places.)O Part (f)Find the probability that a person is audited more than twice. (Round your answer to four decimal places.)

Here AS per policy I have calculated 3 subparts The chance of an IRS audit for a tax return with…

3 Part (a) In words, define the Random Variable X. the number of audits the IRS does each year the number of audits a person who has an income over $25,000 receives in a 15-year period O the number of audits the IRS does every 15 years for a person who has an income over $25,000 the yearly income of a person Part (b) List the values that X may take on. O x = 1, 2, 3, .., 14, 15 O x = 0, 1, 2, ., 14, 15 O x= 1, 2, 3, .. Ox = 1, 2, 3, .., 98, 99, 100 Part (c) Give the distribution of X. x-O(0:0)

3 Part (a) In words, define the Random Variable X. the number of audits the IRS does each year the number of audits a person who has an income over $25,000 receives in a 15-year period O the number of audits the IRS does every 15 years for a person who has an income over $25,000 the yearly income of a person Part (b) List the values that X may take on. O x = 1, 2, 3, .., 14, 15 O x = 0, 1, 2, ., 14, 15 O x= 1, 2, 3, .. Ox = 1, 2, 3, .., 98, 99, 100 Part (c) Give the distribution of X. x-O(0:0)

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)

6th Edition

ISBN:9781337111348

Author:Bruce Crauder, Benny Evans, Alan Noell

Publisher:Bruce Crauder, Benny Evans, Alan Noell

Chapter5: A Survey Of Other Common Functions

Section5.6: Higher-degree Polynomials And Rational Functions

Problem 5E: Population Genetics In the study of population genetics, an important measure of inbreeding is the...

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