Homework Answers
1.7% = 0.017 or 17 out of 1000
a)
odds that a taxpayer being audited = p(1-p) = 17/(1000-17) = 17/983 or 1/57.8
so, answer is 1 to 57
b)
odds against a taxpayer being audited =983/7 = 57.8/1
so, answer : 57 to 1
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