Answer:
60%
Explanation:
If two events, A and B, are dependent, the probability of both occurring is: P(A and B) = P(A)·P(B|A).
Thus, the formula for conditional probability is: P(B|A) =
P(A and B)
P(A)
12 months →
1
12
= 0.0833
P(B|A) =
P(A and B)
P(A)
=
0.05
0.0833
= 0.60 → 60%