**Survey on Investor Portfolio Tracking Habits**At a particular point in time, the stock market experienced significant volatility. A survey was conducted involving 1,004 adult investors to understand how frequently they tracked their investment portfolios. Below are the results of the survey and the probability calculation of an investor tracking their portfolio daily.**Table: Frequency of Tracking**| Frequency | Responses ||-------------------|-----------|| Daily | 240 || Weekly | 288 || Monthly | 271 || Couple times a year| 137 || Don't track | 68 |**Task:**Calculate the probability of an adult investor tracking their portfolio daily. Express this probability as a simplified fraction and as a decimal rounded to three decimal places.**Choices for Probability Calculation:**- **A**: \(\frac{288}{1,004} = 0.287\)- **B**: \(\frac{271}{1,004} = 0.270\)- **C**: \(\frac{137}{1,004} = 0.136\)- **D**: \(\frac{240}{1,004} = 0.239\)**Correct Answer:**The probability that an investor tracks their portfolio daily is \(\frac{240}{1,004}\), which is approximately 0.239 when rounded to three decimal places.

A survey of 1,004 adults investors asked how often they tracked their portfolio.

Answered: At a particular point in time, the…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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