document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1151955>Question 1151955</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Suppose the probability of an irs audit is 1.9 percent for U.s. taxpayers who file form 1040 and who earned $100,000 or more. odds that such a tax payer will be audited are 1 to ______ . Odds against a tax payer being audited _____ to 1 </SPAN>\n" );
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document.write( "Probability compares \"good\" outcomes to all possible outcomes.<BR>\n" );
document.write( "P(audit) = 1.9% = .019 = 19/1000 means 19 out of every 1000 taxpayers will be audited.<br><BR>\n" );
document.write( "So of every 1000 taxpayers, 19 will be audited and 981 will not.<br><BR>\n" );
document.write( "Odds IN FAVOR OF compares good outcomes to bad outcomes; odds AGAINST compares bad outcomes to good outcomes.  So<br><BR>\n" );
document.write( "The odds in favor of getting audited are 19:981; the odds against getting audited are 981:19.<br><BR>\n" );
document.write( "---------------------------------<br><BR>\n" );
document.write( "If the answers are given in the form 1:x or x:1, then simply divide both numbers in the odds I showed by 19:<br><BR>\n" );
document.write( "odds in favor = 19:981 = 1:981/19 or 1:51.63 (approximately) or, to the nearest whole number, 1:52<BR>\n" );
document.write( "odds against = 981:19 = 51.63:1 (approximately), or 52:1<br><BR>\n" );
document.write( " </SPAN>\n" );
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