Suppose that 4% of all tax returns are audited. In a group of n tax returns, consider

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Suppose that 4% of all tax returns are audited. In a group of n tax returns, consider the probability that at most two returns are audited. How large must n be before this probability is less than 0.01?

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Data Analysis and Decision Making

ISBN: 978-0538476126

4th edition

Authors: Christian Albright, Wayne Winston, Christopher Zappe

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Question Posted: Apr 01, 2015 10:56 AM

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Suppose that 4% of all tax returns are audited. In a group of n tax returns, consider

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Data Analysis and Decision Making

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