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22 October, 21:39

For the fiscal year 2007, a tax authority audited 1.91 % 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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  1. 23 October, 01:03
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    Answer 96.2 %

    1-.0191=.9809

    .9809^2=.96216481
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