Weibull++ Standard Folio Data 1P-Exponential: Difference between revisions

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===The One-Parameter Exponential Distribution===
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The exponential distribution is a commonly used distribution in reliability engineering. Mathematically, it is a fairly simple distribution, which many times leads to its use in inappropriate situations. It is, in fact, a special case of the Weibull distribution where <math>\beta=1</math>. The exponential distribution is used to model the behavior of units that have a constant failure rate (or units that do not degrade with time or wear out).
| valign="middle" |The objective of life data analysis is to fit a statistical distribution to failure time data in order to understand the reliability performance of a product over time or to make projections about future behavior. From the analysis, you can estimate several life characteristics, such as probability of failure, reliability, mean life or failure rate.


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Revision as of 23:22, 21 March 2012

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Standard Folio One-Parameter Exponential Distribution
The objective of life data analysis is to fit a statistical distribution to failure time data in order to understand the reliability performance of a product over time or to make projections about future behavior. From the analysis, you can estimate several life characteristics, such as probability of failure, reliability, mean life or failure rate.

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