This slide presentation describes the basics of the age reliability relationship. It clarifies the difference between the Failure Rate function and the Conditional Probability of Failure.
An amusing story about confusing Failure Rate and Conditional Failure Probability is told in this post.
© 2011 – 2014, Murray Wiseman. All rights reserved.
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[…] Note that the Reliability as calculated by the equation for random failure is different from that calculated in the previous worksheet and suggested by the number of survivors in each year. That is because the equation represents a continuous function while the Survivors were calculated at discreet intervals. For more on discrete versus continuous functions, see the articles here and here. […]
[…] probability. For more on the difference between Hazard and Conditional Failure Probability see here and here […]