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 expected number of audits a person with that income has in a 14-year period. Assume each year is independent. Part (a) In words, define the Random Variable X. the number of audits the IRS does each year the number of audits the IRS does every 14 years for a person who has an income over $25,000 the yearly income of a person the number of audits a person who has an income over $25,000 receives in a 14-year period Part (b) List the values that X may take on. OX=1, 2, 3, . 98, 99, 100 Ox= 1, 2, 3, .., 13, 14 X = 1, 2, 3, .. X= 0, 1, 2, ., 13, 14
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 expected number of audits a person with that income has in a 14-year period. Assume each year is independent. Part (a) In words, define the Random Variable X. the number of audits the IRS does each year the number of audits the IRS does every 14 years for a person who has an income over $25,000 the yearly income of a person the number of audits a person who has an income over $25,000 receives in a 14-year period Part (b) List the values that X may take on. OX=1, 2, 3, . 98, 99, 100 Ox= 1, 2, 3, .., 13, 14 X = 1, 2, 3, .. X= 0, 1, 2, ., 13, 14
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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