A new treatment is discovered that improves survival probability from 85 to 95 percent. Discuss the different ways a researcher might look at these results versus the way that the marketing department might discuss them.  What is the difference in the way you would view new treatment that improves survival probability by the same absolute magnitude, say, from 5 to 15 percent?

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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A new treatment is discovered that improves survival probability from 85 to 95 percent. Discuss the different ways a researcher might look at these results versus the way that the marketing department might discuss them.  What is the difference in the way you would view new treatment that improves survival probability by the same absolute magnitude, say, from 5 to 15 percent?

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