A tax auditor is selecting a sample of 6 tax returns for an audit. If 3...
A tax auditor is selecting a sample of 6 tax returns for an audit. If 3 or more of these returns are "improper," the entire population of 50 tax returns will be audited.
a. What is the probability that the entire population will be audited if the true number of improper returns in the population is 15
b. What is the probability that the entire population will be audited if the true number of improper returns in the population is 20
c. What is the probability that the entire population will be audited if the true number of improper returns in the population is 5
d. What is the probability that the entire population will be audited if the true number of improper returns in the population is 10
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A tax auditor is selecting a sample of 6 tax returns for an
audit. If 3...
A tax auditor is selecting a sample of 7 tax returns for an audit. If 4...
A tax auditor is selecting a sample of 7 tax returns for an audit. If 4 or more of these returns are"improper," the entire population of 45 tax returns will be audited. Complete parts (a) through (e) below. Q. What is the probability that the entire population will be audited if the true number of improper returns in the population is: a) 15 b) 20 c) 5 d) 10
A tax auditor is selecting a sample of 5 tax returns for an audit. If 2...
A tax auditor is selecting a sample of 5 tax returns for an audit. If 2 or more of these returns are "improper," the entire population of 40 tax returns will be audited. Complete parts (a) through (e) below. a. What is the probability that the entire population will be audited if the true number of improper returns in the population is 15? The probability is ___? Include Excel formula.
An IRS auditor randomly chooses 5 tax returns to audit from a stack of 10 tax...
An IRS auditor randomly chooses 5 tax returns to audit from a stack of 10 tax returns, 3 of which are from corporations and 7 of which are from individuals. In how many different ways can the auditor choose the tax returns if the auditor wants to include 3 corporate and 2 individual returns?
How many ways can an IRS auditor select 3 of 11 tax returns for an audit
How many ways can an IRS auditor select 3 of 11 tax returns for an audit?A)1331 B)6 C)990 D)165My answer is: 990.Is this correct?Thanks.
1. In performing the audit of Company A, an auditor picked a sample of recorded payables...
1. In performing the audit of Company A, an auditor picked a sample of recorded payables and performed the 3-way match testing (matching purchase order issued by the Company, good received note from the warehouse and invoice from the vendor). This is the most effective substantive procedure to test for the Existence assertion of Accounts Payable. A. True B. False 2. An auditor performed the walkthrough and the test of operating effectiveness and did not identify any exceptions. Does the...
The Internal Revenue Service is studying the category of charitable contributions. A sample of 22 returns...
The Internal Revenue Service is studying the category of charitable contributions. A sample of 22 returns is selected from young couples between the ages of 20 and 35 who had an adjusted gross income of more than $100,000. Of these 22 returns, 7 had charitable contributions of more than $1,000. Suppose 6 of these returns are selected for a comprehensive audit. Explain why the hypergeometric distribution is appropriate. Because: (Pick one) you are sampling a small population without replacement. you...
8) Your accountant has informed you that one or more of your tax returns may be...
8) Your accountant has informed you that one or more of your tax returns may be audited by the IRS. The probabilities of audit are .2, .3 and .5 for the years 2012, 2013 & 2014. Determine the probability that none of the three returns are audited. a) .12 b) .18 c) .24 d) .28 e) .30 9) In pblm (8), P(exactly two of the three returns are audited) a) .18 b) 22 ) 25d) .32 e) 35 10) Suppose...
The Internal Revenue Service is studying the category of charitable contributions. A sample of 24 returns...
The Internal Revenue Service is studying the category of charitable contributions. A sample of 24 returns is selected from young couples between the ages of 20 and 35 who had an adjusted gross income of more than $100,000. Of these 24 returns, 8 had charitable contributions of more than $1,000. Suppose 7 of these returns are selected for a comprehensive audit. a. Explain why the hypergeometric distribution is appropriate. Because you are sampling a small population without replacement. you are...
the chance of an IRS audit for a tax return with over 25000 in income is...
the chance of an IRS audit for a tax return with over 25000 in income is about 2% per year. We are interested in the expected number of audits a person with that income has in a 20 yea period. assume each year is independent. Let X = the number of audits in a 20 year period. A) how many audits are expected in a 20 year period ? B) Find the probability that a person is not audited at...
In a population, 68% of all tax returns lead to a refund. A random sample of...
In a population, 68% of all tax returns lead to a refund. A random sample of 1000 tax returns is taken. (a) Describe the distribution of the number of returns leading to refunds in the sample. (b) What is the expected number of returns leading to refunds in the sample? What is its variance? (c) What is the mean of the sample proportion of returns leading to refunds? (d) What is the variance of the sample proportion? (e) What is...
8) Your accountant has informed you that one or more of your tax returns may be audited by the IRS. The probabilities of audit are .2, .3 and .5 for the years 2012, 2013 & 2014. Determine the probability that none of the three returns are audited. a) .12 b) .18 c) .24 d) .28 e) .30 9) In pblm (8), P(exactly two of the three returns are audited) a) .18 b) 22 ) 25d) .32 e) 35 10) Suppose...
The Internal Revenue Service is studying the category of charitable contributions. A sample of 24 returns is selected from young couples between the ages of 20 and 35 who had an adjusted gross income of more than $100,000. Of these 24 returns, 8 had charitable contributions of more than $1,000. Suppose 7 of these returns are selected for a comprehensive audit. a. Explain why the hypergeometric distribution is appropriate. Because you are sampling a small population without replacement. you are...
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