For the fiscal year 2007, a tax authority audited 1.55% of individual tax rotterns with income of $100,000 or more. Suppose this percentage stays the same for the current tax year. What is the probability

For the fiscal year 2007, a tax authority audited 1.55% of individual tax rotterns with income of $100,000 or more. Suppose this percentage stays the same for the

current tax year. What is the probability that two randomly selected returns with income of $100,000 or more will be audited?

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For the fiscal year 2007, a tax authority audited 1.55% of individual tax rotterns with income of $100,000 or more. Suppose this percentage stays the same for the current tax ye…

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