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April 16, 2014

Homework Help: business

Posted by Anonymous on Saturday, November 5, 2011 at 6:23pm.

Suppose the Internal Revenue Service is studying the category of charitable contributions. A sample of 26 returns is selected from young couples between the ages of 20 and 35 who had an adjusted gross income of more than $100,000. Of these 26 returns 6 had charitable contributions of more than $1,000. Suppose 5 of these returns are selected for a comprehensive audit.
What is the probability exactly one of the five audited had a charitable deduction of more than $1,000? (Round your answer to 4 decimal places.)

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