suppose the probability of taxpayer audit is 1.1 percent for u.s taxpayers who file form 1040 and who earned more than 100,000 or more what are the odds the taxpayer will be audited? what are the odds against a taxpayer being audited?
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.
suppose the probability of taxpayer audit is 1.1 percent for u.s taxpayers who file form 1040 and who earned more than 100,000 or more
what are the odds the taxpayer will be audited?
what are the odds against a taxpayer being audited?
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