Your Company Provides Services to Three Different Industries: Automotive,construction,and Financial

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 table 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