If \vec{F_{}} is the force generating the torque \vec{\tau_{}} on the gyroscope, the precession frequency \omega_p is related to the angular momentum \vec{L_{}} as follows. The angular momentum itself is related to the moment-of-inertia I and spin frequency \omega.
Torque : \vec{\tau_{}} \equiv \vec{r_{}}\times\vec{F_{}}=\frac{d\vec{L_{}}}{dt},
Angular Momentum: \vec{L_{}}\equiv I\omega
Precission Frequency: \omega_p = 1/L\frac{dL}{dt}=\tau/L
The torque generating force is the weight ( F=Mg) of the spinning disk which acts vertically down. Since the gyroscope's axle is horizontal to the ground, \vec{r_{}} and \vec{F_{}} are perpendicular to each other.
\tau = r.F.sin90^o=r.Mg.sin90^o=Mgr
Moment of inertia of a disk of mass M and radius R is I=\frac{MR^2}{2}
Angular momentum L=I.\omega=1/2 MR^2\omega
Precessional frequency \omega_p = \tau/L = \frac{Mgr}{1/2MR^2\omega}=\frac{2gr}{\omegaR^2}
Given : R=49cm=0.49m;\quadr=4cm=0.04m\quadg=9.8ms^{-2}
\omega=990 rev/min =33\pi rad/s,
\omega_p = \frac{2gr}{\omegaR^2}=0.03148 rad/s =0.3007 rev/min.