US EditionDifferent Data Same Decision
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Different Data Same Decision
Different Data Same Decision Let say you have some time to failure data on your equipment. A common action is to calculate the MTBF. All well and good until you expect to make a meaningful decision based on the calculation. Using just the mean of the data, the MTBF value is likely to provide you with a less-than-useful bit of information. Thus, your decision will be rather random or worthless. Let’s explore just how this simple calculation of pe…
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