Connect with a global community of knowledgeable individuals on IDNLearn.com. Our community provides accurate and timely answers to help you understand and solve any issue.

The chance of an IRS audit for a tax return with over $25,000 in income is about 2% per year. Suppose that 100 people with tax
returns over $25,000 are randomly picked. We are interested in the number of people audited in one year. Use a Poisson
distribution to answer the following questions.