Step 1 :The question is asking for the conditional probability that a student owns a credit card given that the student is a freshman. This can be calculated by dividing the number of freshmen who own a credit card by the total number of freshmen.
Step 2 :Let's denote the number of freshmen who own a credit card as \(freshman\_credit\_card\) and the total number of freshmen as \(total\_freshman\).
Step 3 :From the table, we know that \(freshman\_credit\_card = 40\) and \(total\_freshman = 60\).
Step 4 :The probability can be calculated as \(probability = \frac{freshman\_credit\_card}{total\_freshman}\).
Step 5 :Substitute the values into the formula, we get \(probability = \frac{40}{60} = 0.6666666666666666\).
Step 6 :Round the answer to three decimal places, we get \(probability = 0.667\).
Step 7 :Final Answer: The probability that a student owns a credit card given that the student is a freshman is \(\boxed{0.667}\).