SOLUTION: Suppose 4% of all people filing the long income tax form seek deductions that they know are illegal, and an additional 3% incorrectly list deductions because they are unfamiliar wi

Question 1206333: Suppose 4% of all people filing the long income tax form seek deductions that they know are illegal, and an additional 3% incorrectly list deductions because they are unfamiliar with income tax regulations. Of the 4% who are guilty of cheating, 79% will deny knowledge of the error if confronted by an investigator. If the filer of the long form is confronted with an unwarranted deduction and he or she denies the knowledge of the error, what is the probability that he or she is guilty? (Round your answer to four decimal places.)
Answer by ikleyn(52778) (Show Source): You can put this solution on YOUR website!
.

I have found two TWIN problems to this one in the Internet

https://www.justanswer.com/math-homework/4hhyq-9-suppose-5-people-filing-long-income-tax-form.html

https://s3.amazonaws.com/docuum/attachments/8574/Midterm%20Fall%202016%20Solutions.pdf?1481033533

with detailed solutions/explanations.

Consider them as your TEMPLATES and solve this one current problem in the same way.

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