The following table is used for a number of questions below. The table above shows the...

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The following table is used for a number of questions below. Thetable above shows the responses of a survey of teenagers aged 14-18when asked at what age they thought they would become financiallyindependent.
Age of Financial Independence
Number of Responses
16-20
191
21-24
467
25-27
244
28 or older
42
What do the teens expect is the probability of beingfinancially independent before age 25?
A recent Gallup poll found that only 14 percent of 24- to34-year-olds are financially independent. Do teens have realisticexpectations?

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PART1 We know that probability is defined as the ratio of favourable outcome to the total outcome In this case total outcome sum of all responses 19146724442 944 We have to find the See Answer

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Age of Financial Independence	Number of Responses
16-20	191
21-24	467
25-27	244
28 or older	42