document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1169815>Question 1169815</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Suppose the probability of an IRS audit is 4.8 percent for U.S. taxpayers who file form 1040 and who earned $100,000 or more.<BR>\n" );
document.write( " <BR>\n" );
document.write( "(a) What are the odds that such a taxpayer will be audited? (Round your answers to the nearest whole number.)<BR>\n" );
document.write( "  <BR>\n" );
document.write( "Odds that a taxpayer will be audited    1 TO______.<BR>\n" );
document.write( " <BR>\n" );
document.write( "(b) What are the odds against such a taxpayer being audited? (Round your answers to the nearest whole number.)<BR>\n" );
document.write( "  <BR>\n" );
document.write( "Odds against a taxpayer being audited   ____TO 1         \r<BR>\n" );
document.write( "\n" );
document.write( " </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #794643 by </B><A HREF=/tutors/aboutme.mpl?userid=greenestamps><B>greenestamps(13200)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=greenestamps><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=greenestamps><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=794643\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <br><BR>\n" );
document.write( "Since the probability of being audited is 4.8%, the probability of NOT being audited is 100-4.8 = 95.2%.<br><BR>\n" );
document.write( "That makes the odds of being audited 4.8:95.2, or about 0.05 to 1; and the odds of NOT being audited are 95.2:4.8, or about 20 to 1.<br><BR>\n" );
document.write( "Probability OF = YES/TOTAL = YES/(YES+NO)<br><BR>\n" );
document.write( "Odds OF = YES:NO<br><BR>\n" );
document.write( "Odds AGAINST = NO:YES<br><BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );