Essay
Canada Revenue Agency Audits Narrative
How does Canada Revenue Agency decide on the percentage of income tax returns to audit for each province? Suppose the Agency does it by randomly selecting 50 values from a normal distribution with a mean equal to 1.25% and a standard deviation equal to 0.4%.
-Refer to Canada Revenue Agency Audits Narrative. What is the probability that a province will have less than 1% of its income tax returns audited?
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