To find the probability that a randomly chosen point will be in the shaded region, we can use the formula:
\[ \text{Probability} = \frac{\text{Area of Shaded Region}}{\text{Area of Large Circle}} \]
Given:
- Area of the shaded circle = 78.5 square inches
- Area of the large circle = 314 square inches
Now, we can substitute the values into the formula:
\[ \text{Probability} = \frac{78.5}{314} \]
Now, we compute the fraction:
\[ \text{Probability} \approx 0.2508 \]
Rounding this to two decimal places gives:
\[ 0.25 \]
Thus, the probability that a point chosen at random will be in the shaded region is:
\(\boxed{0.25}\)