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For the fiscal year 2007, a tax authority audited 1.61% of individual tax returns with income of $100,000 or more. Suppose this percentage stays
For the fiscal year 2007, a tax authority audited 1.61% 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.)
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Advanced Engineering Mathematics
Authors: Erwin Kreyszig
4th Edition
471021407, 9780471021407
