Probability
1 Compute Empirical Probability
-In 1999 the Stock Market $22.40 \%$

question 96

Multiple Choice

Probability
1 Compute Empirical Probability
-In 1999 the stock market took big swings up and down. A survey of 991 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?

• A) \(22.40 \%\)
• B) \(28.66 \%\)
• C) \(23.59 \%\)
• D) \(28.76 \%\)

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Definitions:

High Price

High price indicates a scenario where the cost of a good or service is considered greater than usual or compared to its competitors.

Tit For Tat Strategy

A strategy in game theory where a participant replicates an opponent's previous action, whether cooperative or competitive.

Cheating

The act of behaving dishonestly or unfairly in order to gain an advantage, especially in a context like academic examinations or competitive sports.

Punishment

A process by which a behavior is followed by a consequence that decreases the likelihood of the behavior's occurrence in the future.