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Answer:
The probability that in any given year there will be fewer than 10 percent erroneous returns is P(x≤0.1)=0.264.
Step-by-step explanation:
For a beta distribution with α = 2 and β = 9, we need to use a calculator to compute the probabilities.
The probability that in any given year there will be fewer than 10 percent erroneous returns is P(x≤0.1)=0.264.
