business

Suppose the Internal Revenue Service is studying the category of charitable contributions. A sample of 26 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 26 returns 6 had charitable contributions of more than $1,000. Suppose 5 of these returns are selected for a comprehensive audit.
What is the probability exactly one of the five audited had a charitable deduction of more than $1,000? (Round your answer to 4 decimal places.)

  1. 0
  2. 0
  3. 5
asked by Anonymous
  1. zxc

    1. 0
    2. 0
    posted by Anonymous

Respond to this Question

First Name

Your Response

Similar Questions

  1. Please Help! Rate of change...

    Taxes: Along with incomes, peoples charitable contributions have steadily increased over the past few years. The table shows the average deduction for charitable contributions reported on individual income tax returns for the
  2. Find the rate of change

    Taxes: Along with incomes, peoples charitable contributions have steadily increased over the past few years. The table shows the average deduction for charitable contributions reported on individual income tax returns for the
  3. Statistics

    The Internal Revenue Service is studying contributions to charity. The mean calculated from a random sample of 36 returns is $150. Assume that the population standard deviation is known and equal to $20. Construct a 98 percent
  4. U.S. Government

    A traditional conservative would most likely oppose a federal law to: 1. encourage free and fair trade in competitive markets. 2. promote family values 3. preserve law and order and enforce private business contracts 4. require
  5. Stats

    The Internal Revenue Service (IRS) provides a toll-free help line for taxpayers to call in and get answers to questions as they prepare their tax returns. In recent years, the IRS has been inundated with taxpayer calls and has
  6. financing

    The revenue recognition principle simply dictates that revenue is recognized in the accounting period that it is earned. For human service organizations, revenue is considered to be earned at the time a service is delivered. For
  7. statistics

    A source in the Internal Revenue Service has stated that historically 90% of federal tax returns filed are free of arithmetic errors. A random sample of 25 returns are selected and checked carefully for arithmetic errors. Assuming
  8. Acc/ Federal Taxation

    If a taxpayer has AGI of $35,000, how much of the following expense can he apply towards his itemized deductions? Medical Expenses $3,500 Tax Preparation Fees $500 Unreimbursed Employee Expenses $2,000 Charitable Contributions
  9. African Amer. Study

    Help me find websites for these Questions. What were the Goree contributions? What were the Senegambians contributions? What was the African Cuisine? What was the Gumbo? What were the Bozo contributions? What were the Cooter
  10. Statistics

    According to a genetics model, plants of a particular species occur in the categories A, B, C, and D, in the ratio 9:3:3:1. The categories of different plants are mutually independent. At a lab that grows these plants, 218 are in

More Similar Questions