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Assume that the probability of being audited in any given year is .09 and the probability of being audited 2 years in a row i

please don't forget to write out the final prob.'s for all possible outcomes of two year s

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Answer #1

let probability of being audited in 1st and 2nd year is P(F) and P(S).

P(FnS)-0.04 P(S F-0.4444 P(Sc F-0.5556 P(F-0.09 P(FnSc)-0.05 P(FcnS-0.8281 P(Fc)-0.91 P(S Fc)-0.91 P(Sc Fc)-0.09 P(FcnSc)-0.0

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