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Your Company Provides Services to Three Different Industries: Automotive, Construction

Question 25

Multiple Choice

Your company provides services to three different industries: automotive, construction, and financial services.These services can be either on a yearly or on a monthly contract.The cross-tabulation below summarizes this information:  Morthly  Yearly  Total  Automotive 12585210 Construction 212351563 Finaricial 357210567 Total 6946461340\begin{array} { | l | l | l | l | } \hline & \text { Morthly } & \text { Yearly } & \text { Total } \\\hline \text { Automotive } & 125 & 85 & 210 \\\hline \text { Construction } & 212 & 351 & 563 \\\hline \text { Finaricial } & 357 & 210 & 567 \\\hline \text { Total } & 694 & 646 & 1340 \\\hline\end{array} Suppose you know that a given client is a construction company and you are interested in the likelihood that this client is on a yearly contract.This is an example of _______.


A) joint probability
B) marginal probability
C) conditional probability
D) a priori probability
E) a posteriori probability

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