In 2000, the Internal Revenue Service received 129,075,000 individual tax returns. Of these, 10,855
Question: In 2000, the Internal Revenue Service received 129,075,000 individual tax returns. Of these, 10,855,000 reported an adjusted gross income of at least $100,000, and 240,000 reported at least $1 million. If you know that a randomly chosen return shows an income of $100,000 or more, what is the conditional probability that the income is at least $1 million?
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Deliverables: Word Document
Deliverables: Word Document