To determine: The probability of surviving for 3 years.
Introduction: Survival probability is the proportion of units that estimates the survival chances of people in a given length of time.
Explanation of Solution
Before calculating the probability of surviving for 3 years, it is required to calculate the probability of surviving for every in the contingency table. The probability (P) of surviving for 2012 can be calculated as follows:
The probability of surviving for 2014 can be calculated as follows:
The probability of surviving for 2015 can be calculated as follows:
The probability of surviving for 3 years can be calculated from the product of 2012, 2014, and 2015:
The probability of surviving for 3 years is 54.9%.
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