A patient newly diagnosed with a serious ailment is told he has a 60% probability of surviving 5 or more years. Let us assume this statement is accurate. Explain the meaning of this statement to someone with no statistical background in terms he or she will understand.
1. What is the probability of being born on: a) February 28? b) February 29? c) February 28 or February 29? 2. A patient newly diagnosed with a serious ailment is told he has a 60% probability of surviving 5…