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Amiraneli [1.4K]
3 years ago
14

Please help, I'm really confused

Mathematics
1 answer:
Sergeeva-Olga [200]3 years ago
7 0

Empirical probability is computed by running an experiment multiple times (in this case, asking the same question to many people), and then computing the ratio

\dfrac{\text{good cases}}{\text{all cases}}

In this case, 236 people over 991 said that they checked the portfolio daily, so the empirical probability is

P(\text{daily check})=\dfrac{236}{991}

Which you can round as 0.238, i.e. 23.8%.

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