For the fiscal year 2007, a tax authority audited 1.59% 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? ...

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 11ECP: A manufacturer has determined that a machine averages one faulty unit for every 500 it produces....
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11:01
The probability is
(Round to six decimal places as needed.)
|||
For the fiscal year 2007, a tax authority audited 1.59% 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?
=
Vo) 1
LTE2
O
ا... 46 |...
85%
Transcribed Image Text:11:01 The probability is (Round to six decimal places as needed.) ||| For the fiscal year 2007, a tax authority audited 1.59% 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? = Vo) 1 LTE2 O ا... 46 |... 85%
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