Final answer:
Two out of every three students have a cell phone and one in five of all students have a cell phone that is one year old or less. Therefore, the proportion of students who own a cell phone that is more than one year old is 4/5.
Step-by-step explanation:
To find out what proportion of students own a cell phone that is more than one year old, we need to consider the information given about the overall number of students who have a cell phone and the number of students who have a cell phone that is one year old or less.
We know that two out of every three students have a cell phone, which means the proportion of students who don't have a cell phone is 1/3. Out of the students who have a cell phone, one in five has a phone that is one year old or less, which means the proportion of students who have a phone that is more than one year old is 4/5. Therefore, Option 4: 4/5 is the correct answer.