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QUESTION
For the fiscal year 2007, a tax authority audited 1.82% 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 pr
For the fiscal year 2007, a tax authority audited 1.82% 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?
