#### Answer

0.38

#### Work Step by Step

P(E) = $\frac{no.\ of\ outcomes\ in\ favor}{Total\ no.\ of\ outcomes}$
The table in the book shows the distribution of owners and renters. Knowing that a total of 39 million people moved, we find the probability of a given outcome.
E: an owner
Favorable outcomes= {14.8 million}
P(E) = $\frac{14.8}{39}$ =0.38