Suppose the probability of an IRS audit is 2.9% for US taxpayers who file form 1040 and who earn $100,000 or more . what are the odds rate such a taxpayer will be audited? ( round to nearest whole number) what are the odds against such a taxpayer being audited? ( round to nearest whole number)  thank you

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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.