Tax returns. The Internal Revenue Service received 130,424,000 individualincome tax
Chapter 0, Problem 17.50(choose chapter or problem)
Tax returns. The Internal Revenue Service received 130,424,000 individualincome tax returns for 2003. Of these, 11,415,000 reported an adjusted gross income of at least $100,000, and 181,000 reported at least $1 million.16 If youknow that a randomly chosen return shows an income of $100,000 or more, whatis the conditional probability that the income is at least $1 million?
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