1
QuizMultiple Choice

Careers, Salaries, and Lifetime Income

Question 1 • (Pizzella)WCA 6180 Personal Finance 1 - Part 1

If 20% of all manually filed returns contain errors, and 0.05% of all electronically filed returns contain errors, how much more likely is a manual filer to make an error than an electronic filer?

Answer
A
40,000 times more likely
B
4,000 times more likely
C
400 times more likely
D
40 times more likely

Explanation

Convert the percentages to decimals: 20% = 0.20 and 0.05% = 0.0005. Divide 0.20 by 0.0005 to get 400, so a manual filer is 400 times more likely to make an error; the correct choice is “400 times more likely.”

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