The Reliability of a Product Having a Failure Rate of 0.0001

question 82

True/False

The reliability of a product having a failure rate of 0.0001 and a useful life of 2080 hours is 0.81.

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Definitions:

Variability

The extent to which data points in a statistical distribution or dataset differ from the average or mean value.

Sample Size

The number of observations or data points collected in a sample from a population.

Central Limit Theorem

A statistical theory that states that, given a sufficiently large sample size from a population with a finite level of variance, the mean of all samples from the same population will be approximately equal to the mean of the population, and the samples will be distributed approximately normally.

Normal Probability Distribution

A type of continuous probability distribution that is symmetrical around its mean, representing how random variables are distributed in many natural phenomena.