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What is the probability that two randomly selected returns

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Reference no: EM132850617

For the ?scal year 2007. a tax authority audited 1.68% 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 $1 00.000 or more will be audited? The probability is D. (Round to six decimal places as needed.)

Reference no: EM132850617

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