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The chance of an IRS audit for a tax return with over $25,000 in income is about 2% per year. We are interested in the

The chance of an IRS audit for a tax return with over $25,000 in income is about 2% per year. We are interested in the expected number of audits a person with that income has in a 16-year period. Assume each year is independent. Find the probability that a person is not audited at all. (Round your answer to four decimal places.)

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