Which of the Statements About Audits Is False

question 120

Multiple Choice

Which of the statements about audits is false?

• A) 1 percent of individual taxpayers are audited.
• B) 23.57 percent of individuals earning between $500,000 and $1 million are audited.
• C) 8.9 percent of individuals earning between $1 million and $5 million are audited.
• D) 27.37 percent of individuals earning more than $10 million are audited.

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Definitions:

Sample

A subset of a population selected for measurement, observation, or questioning to provide data for analysis.

Mean

A mathematical term that represents the sum of values in a dataset divided by the number of values, serving as a measure of central tendency.

Standard Deviation

An index showing the degree of spread or variability among a collection of numbers.

Confidence Interval

A range of values, derived from the statistical analysis of data, that is likely to include the true population parameter with a certain level of confidence.