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Mathematics, 06.04.2020 05:25 Powerhickory1313

For the fiscal year 2007, a tax authority audited 1.52% 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?

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For the fiscal year 2007, a tax authority audited 1.52% of individual tax returns with income of $10...

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