A student is randomly chosen from large college. Define the events C = {the student owns a cell phone} and I = {the student owns an iPod}. Which of the following is correct interpretation of the probability P(I|C)?
A) The chance that a randomly selected student owns an iPod.
B) The percentage of students who own both a cell phone and an iPod.
C) The proportion of students who own a cell phone who also own an iPod.
D) The relative frequency of iPod owners who own a cell phone.