34. The probability of a tax return being audited by the IRS is only 0.02. However, if a return is audited the probability ofa penalty being assessed is 0.31. What is the probability that your tax return is audited but you do not have apenalty assessed?

Here Given Probability of tax return being audited=P(A)=0.02 ProbabIlity of Penalty being assessed…

Answered: a penalty being assessed is 0.31. What…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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a penalty being assessed is 0.31. What is the probability that your tax return is audited but you do not have a penalty assessed?