A survey of 969 adult investors asked how often they tracked their portfolio. The probability that an adult investor tracks his or her portfolio daily is 0.238.
From the table it is clear that the number of responses daily by the adult investors is 231.
Probability is the ration of the number of possible value to the total value.
Here the number of daily response by the adult investors = 231
The total adult investors = 969
Hence, the The probability that an adult investor tracks his or her portfolio daily = 231/969 = 0.238.
Therefore, in the total number of 969 adult investors, the probability that the investors response daily is 0.238.
Disclaimer: The question is incomplete. The following is the correct question.
Question: Recently, the stock market took big swings up and down. A survey of 969 adult investors asked how often they tracked their portfolio. The table shows the investor responses. What is the probability that an adult investor tracks his or her portfolio daily
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