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: 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
Correct Answer:

Verified
Correct Answer:
Verified
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