K For the fiscal year 2007, a tax authority audited 1.83% of individual tax returns 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? The probability is (Round to six decimal places as needed.) ...

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter12: Probability
Section12.4: Discrete Random Variables; Applications To Decision Making
Problem 2E
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12:28
71%
K
For the fiscal year 2007, a tax authority audited 1.83% of individual tax returns 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?
The probability is
(Round to six decimal places as needed.)
|||
=
(...)
VO) 1
LTE2.II 4G
O
Transcribed Image Text:12:28 71% K For the fiscal year 2007, a tax authority audited 1.83% of individual tax returns 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? The probability is (Round to six decimal places as needed.) ||| = (...) VO) 1 LTE2.II 4G O
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