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For the fiscal year2007, a tax authority audited 1.74% of individual tax returns with income of$100,000 or more. Suppose this percentage stays the same for

For the fiscal year2007, a tax authority audited 1.74% 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 beaudited?

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