Suppose the probability of an IRS audit is 1.8 percent for U.S. taxpayers who file form 1040 and who earned $100,000 or more.
(a) What are the odds that such a taxpayer will be audited? (Round your answers to the nearest whole number.)
Odds that a taxpayer will be audited to
(b) What are the odds against such a taxpayer being audited? (Round your answers to the nearest whole number.)
Odds against a taxpayer being audited