According to estimates by the office of the Treasury Inspector General of IRS, approximately 0.0354 of the tax returns filed are fraudulent or will contain errors that are purposely made to cheat the IRS. In a random sample of 393 independent returns from this year, what is the probability that greater than 10 will be fraudulent or will contain errors that are purposely made to cheat the IRS?
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
According to estimates by the office of the Treasury Inspector General of IRS, approximately 0.0354 of the tax returns filed are fraudulent or will contain errors that are purposely made to cheat the IRS. In a random sample of 393 independent returns from this year, what is the probability that greater than 10 will be fraudulent or will contain errors that are purposely made to cheat the IRS?
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