The chance of an IRS audit for a tax return with over $25,000 in income is about 2% per year. We are interested in the expected number of audits a person with that income has in a 19-year period....

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Extracted text: The chance of an IRS audit for a tax return with over $25,000 in income is about 2% per year. We are interested in the expected number of audits a person with that income has in a 19-year period. Given that the population follows a binomial distribution, find the probability that a person is audited more than 4 times in a 19-year period. Round to four decimal places.