DISC 203-According to the Internal Revenue Service
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DISC 203-According to the Internal Revenue Service According to the Internal Revenue Service (IRS), thechances of your tax return being audited are about 15 in1,000 if your income is less than $100,000 and 30 in1.000 if your income is $100,000 or more (StatisticalAbstract of the United States: 1998).a. What is the probability that a taxpayer with incomeless than $100,000 will be audited by the IRS? Withincome $100,000 or more?b. If five taxpayers with incomes under $100,000 arerandomly selected. what is the probability that exactlyone will be audited? That more than one will beaudited?c. Repeat part b assuming that five taxpayers with incomesof $100,000 or more are randomly selected.