Quantcast Probability question, is this right? - XP Math - Forums

XP Math Home Sign Up FREE! | Sign In | Classroom Setup | Common Core Alignment PDF Version

Go Back   XP Math - Forums > Welcome > Off-Topic Discussion

Thread Tools Display Modes
Old 07-30-2007   #1
Karen W
Posts: n/a
Default Probability question, is this right?

Chances of being audited are 3 in 100 if income less than 60 000 and 8 in 100 if income more than 60 000a. if 7 taxpayers with income over 60 000 are randomly selected, what is the probability at least 2 of them will be audited?x=2p=0.08n=7 P(2)=___7!____ . (0.08)^2(1-0.08)^7-22!(7-2)!Probability of 2 being audited is 0.0886Is this correct?
Old 07-30-2007   #2
Posts: n/a

I'm not sure on the math but on the audit side it would stand to reason that the longer you wait to file your taxes the slimmer your chances would be for a random audit. The IRS audits a certain amount of each bracket level totally at random. If you wait, they would have already started picking out the random ones in the brackets. You will have fewer slots to worry about than if you file early. If the files give you a red flag, you are going to get audited anyway. I do not know if a red flag audit also fills a bracket slot.

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

All times are GMT -4. The time now is 08:00 AM.

Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2021, vBulletin Solutions Inc.
XP Math