To find the fraction of the teenagers who mainly exercise by walking, we start with the information given in the problem.
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Let the total number of teenagers be represented as \( T \).
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Two-thirds of these teenagers reported that they get regular exercise. Therefore, the number of teenagers who get regular exercise is: \[ \frac{2}{3}T \]
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Out of those teenagers who get regular exercise, four-fifths indicated that walking is their main form of exercise. Therefore, the number of teenagers who mainly exercise by walking is: \[ \frac{4}{5} \times \frac{2}{3}T = \frac{4 \times 2}{5 \times 3}T = \frac{8}{15}T \]
This means that \( \frac{8}{15}T \) is the number of teenagers who mainly exercise by walking.
Now, to express this as a fraction of the total number of teenagers \( T \): \[ \frac{\frac{8}{15}T}{T} = \frac{8}{15} \]
Thus, the fraction of the teenagers who mainly exercise by walking is: \[ \boxed{\frac{8}{15}} \]