SOLUTION: 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 t
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Question 1124666: 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? Answer by Boreal(15235) (Show Source):
