An internal revenue oversight board survey found that 82% of taxpayers said that it was very important for the internal revenue service (irs) to ensure that high-income tax payers do not cheat on their tax returns (the wall street journal, february 11, 2009).

Question

Adolfo Fletcher

Business

9 June, 01:08

An internal revenue oversight board survey found that 82% of taxpayers said that it was very important for the internal revenue service (irs) to ensure that high-income tax payers do not cheat on their tax returns (the wall street journal, february 11, 2009).

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Answers (1)

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Nikhil · Answer 1

The problem is missing the main question.

The main question is: what is the probability that at least six taxpayers in a sample of 8 say that it is very significant to safeguard that high-income tax payers do not swindle on their tax returns? Use the binomial distribution probability function.

Solution:

Let X be the number of taxpayers say that it is very significant to safeguard that high-income tax payers do not swindle on their tax returns.

X ~ (n = 8, p = 0.82)

P (at least six taxpayers)

= P (X ≥ 6)

= 1 - P (X ≤ 5)

= 1 - 0.1608

= 0.8392 is the answer