Tax

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sportywarbz

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A tax specialist has estimated the probability that a tax return selected at random will be audited is 0.03. Furthermore, he estimates the probability that an audited return will result in additional assessments being levied on the taxpayer is 0.30. What is the probability that a tax return selected at random will result in additional assessments being levied on the taxpayer?
Can you help me figure out an equation for this problem?
 
sportywarbz said:
A tax specialist has estimated the probability that a tax return selected at random will be audited is 0.03. Furthermore, he estimates the probability that an audited return will result in additional assessments being levied on the taxpayer is 0.30. What is the probability that a tax return selected at random will result in additional assessments being levied on the taxpayer?
Can you help me figure out an equation for this problem?
Click to expand...

Please share your work with us, indicating exactly where you are stuck - so that we may know where to begin to help you.
 
That's my problem. I have absolutely NO idea how to start this problem. Most of my problems aren't word problems. I am horrible at word problems.
 
This is a problem of something happening jointly - probability A (audited) happening and probabbility of B happening (extra tax).

What does your book say about these types of problems?
 
I don't have a book. Its an online course and we were told we didn't need to buy the book...big mistake! :( too late now though.
 
sportywarbz said:
I don't have a book. Its an online course and we were told we didn't need to buy the book...big mistake! :( too late now though.
Click to expand...

Then ... do a google search and tell us what did you find.
 
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