document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=228505>Question 228505</A>: <I><SPAN STYLE=\"word-break: break-all;\"> I am working with probability with statistics. My homework is asking what is the probability that two randomly selected  tax returns with an income of $100,000 or more will not be audited. It give the information that 1.53% of individuals tax returns with incomes of 100,000 or more were audited. Please help! </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #169620 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=169620\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> I am working with probability with statistics. My homework is asking what is the probability that two randomly selected tax returns with an income of $100,000 or more will not be audited. It give the information that 1.53% of individuals tax returns with incomes of 100,000 or more were audited. <BR>\n" );
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document.write( "It's a binomial problem with n=2 ; p = 0.0153 ; q = 0.9847<BR>\n" );
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document.write( "P(2 not audited) = 0.9847^2 = 0.9696..<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
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