A group of 50,000 tax forms has an average gross income of $37,000, with an SD of about $20,000. Furthermore, 20% of the forms have a gross income over $50,000. A group of 900 forms is chosen at random for audit. What is the chance that between 19% and 21% of the forms chosen for audit have gross income over $50,000? (Show the box model and the result of your work.)
A group of 50,000 tax forms has an average gross income of $37,000, with an SD of about $20,000. Furthermore, 20% of the forms have a gross income over $50,000. A group of 900 forms is chosen at random for audit. What is the chance that between 19% and 21% of the forms chosen for audit have gross income over $50,000? (Show the box model and the result of your work.)
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter12: Probability
Section12.3: Conditional Probability; Independent Events; Bayes' Theorem
Problem 27E: Another friend asks you to explain how to tell whether two events are dependent or independent. How...
Related questions
Question
None
![A group of 50,000 tax forms has an average gross income of $37,000, with an SD of about $20,000.
Furthermore, 20% of the forms have a gross income over $50,000. A group of 900 forms is chosen at
random for audit. What is the chance that between 19% and 21% of the forms chosen for audit have
gross income over $50,000? (Show the box model and the result of your work.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5db6b5f0-62b2-4dfb-b9d6-162123779d34%2F2aa89a2e-00e0-474b-9fa0-573ed4787319%2Fncgmj2r_processed.png&w=3840&q=75)
Transcribed Image Text:A group of 50,000 tax forms has an average gross income of $37,000, with an SD of about $20,000.
Furthermore, 20% of the forms have a gross income over $50,000. A group of 900 forms is chosen at
random for audit. What is the chance that between 19% and 21% of the forms chosen for audit have
gross income over $50,000? (Show the box model and the result of your work.)
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 5 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
![Calculus For The Life Sciences](https://www.bartleby.com/isbn_cover_images/9780321964038/9780321964038_smallCoverImage.gif)
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,
![Glencoe Algebra 1, Student Edition, 9780079039897…](https://www.bartleby.com/isbn_cover_images/9780079039897/9780079039897_smallCoverImage.jpg)
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
![Holt Mcdougal Larson Pre-algebra: Student Edition…](https://www.bartleby.com/isbn_cover_images/9780547587776/9780547587776_smallCoverImage.jpg)
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
![Calculus For The Life Sciences](https://www.bartleby.com/isbn_cover_images/9780321964038/9780321964038_smallCoverImage.gif)
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,
![Glencoe Algebra 1, Student Edition, 9780079039897…](https://www.bartleby.com/isbn_cover_images/9780079039897/9780079039897_smallCoverImage.jpg)
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
![Holt Mcdougal Larson Pre-algebra: Student Edition…](https://www.bartleby.com/isbn_cover_images/9780547587776/9780547587776_smallCoverImage.jpg)
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
![Big Ideas Math A Bridge To Success Algebra 1: Stu…](https://www.bartleby.com/isbn_cover_images/9781680331141/9781680331141_smallCoverImage.jpg)
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
![College Algebra](https://www.bartleby.com/isbn_cover_images/9781938168383/9781938168383_smallCoverImage.gif)