Friday, October 31, 2014

hazard rate - online resources

http://www.mbaskool.com/business-concepts/statistics/8930-hazard-rate.html
is decent --

Average failure rate is the fraction of the number of units that fail during an interval, divided by the number of units alive at the beginning of the interval. In the limit of smaller time intervals, the average failure rate measures the rate of failure in the next instant for those units surviving to time t, known as instantaneous failure rate.

http://en.wikipedia.org/wiki/Failure_rate#Failure_rate_in_the_continuous_sense
is more mathematical.

http://www.omdec.com/articles/reliability/TimeToFailure.html has short list of jargon

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