
Dear friends, I am happy to release our 59th video on Exponential Distribution! Exponential Distribution is an appropriate mathematical model when failure or hazard rate is constant. It is often known as “Memoryless” as reliability in any time interval is same! Exponential Distribution has many applications in Reliability Engineering such as electronic components. Many reliability procedures in MIL Standards assume constant failure rate and Exponential Distribution! Hope you find the video interesting and useful! Your feedback is welcome! Do subscribe to our channel to get updates on our new videos and programs!
[Read more…]