with co-author Mark Fiedeldey
The definition of the term “reliability” begins by specifying that reliability is a probability. Therefore, the concept of a probability, while sometimes intimidating to reliability practitioners, is fundamentally important.
Probability can be defined as the extent to which an event is likely to occur. Just as an average is a measure of central tendency, probability is a measure of uncertainty in a particular event or outcome. That’s all … Nothing intimidating here.[Read more…]