Suppose That 74% of Tax Returns Are Free of Errors

question 13

Multiple Choice

Suppose that 74% of tax returns are free of errors.How many returns should an IRS auditor expect to check before finding one with errors?

• A)3.85
• B)74
• C)26
• D)0.74
• E)1.35

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Definitions:

Immigrants

Individuals who move to a country different from their place of birth to reside permanently.

Rural Area

A geographic area characterized by low population density and vast open spaces, often associated with farming or undeveloped land.

Reserve Army Of Labour

The reserve army of labour refers to a pool of unemployed or underemployed workers who can be quickly mobilized to meet labor needs, influencing wage levels and conditions within the capitalist system.

Profitability Of Capital

A measure of how effectively capital is used to generate profit, important for assessing the financial performance of businesses.