AUDITING TAX RETURNS A tax specialist has estimated that the probability that a tax return…

AUDITING TAX RETURNS A tax specialist has estimated that the probability that a tax return selected at random will be audited is .02. Furthermore, he estimates that the probability that an audited return will result in additional assessments being levied on the taxpayer is .60. What is the probability that a tax return selected at random will result in additional assessments being levied on the taxpayer?