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Author Question: Assume that each year the IRS randomly audits 10 of the tax returns. If a married couple has filed ... (Read 32 times)

j.rubin

  • Hero Member
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  • Posts: 557
on: Jun 24, 2018
Assume that each year the IRS randomly audits 10 of the tax returns. If a married couple has filed separate returns,
 a. What is the probability that both the husband and the wife will be audited?
  b. What is the probability that only one of them will be audited?
  c. What is the probability that neither one of them will be audited?
  d. What is the probability that at least one of them will be audited?

Question 2

The Markowitz mean-variance portfolio model is a classic application of non-linear programming.
 a. True
  b. False
  Indicate whether the statement is true or false


aprice35067

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  • Posts: 337
Reply #1 on: Jun 24, 2018
Answer to Question 1

a. 0.01
b. 0.18
c. 0.81
d. 0.19

Answer to Question 2

TRUE


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