Someone please tell me how to solve this question.
Q. Among 900 taxpayers with income below $100,000, 35 were audited by the IRS. The probability that a randomly chosen individual with an income below $100,000 was audited is ???
Someone please tell me how to solve this question.
Q. Among 900 taxpayers with income below $100,000, 35 were audited by the IRS. The probability that a randomly chosen individual with an income below $100,000 was audited is ???
35 / 900 = 3.89%
Thanks!