Essay
A tax firm company selects a small portion of their tax returns to audit. These selected returns are given to auditors in lot sizes of 30. From this group of 30, the auditor randomly selects 10 and rigorously reviews them. Returns that fail this inspection are sent to a special office which then follows up on the investigation. In the past, 5 out of every 30 returns result in a forma audit. What is the probability that in the next 10 returns sampled, only one will need further auditing?
Correct Answer:
Verified
Correct Answer:
Verified
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