Reliability and Warranty Workbook
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Reliability R(x)=exp(-lambda*x). MTBF=1/lambda under a constant hazard. A warranty allowing cumulative failure p uses x=-ln(1-p)/lambda. Record censoring, maintenance, aging, and whether hazard is stable.

Original synthetic data generated for STATLAB Academy. No textbook data used.
Educational material for STATLAB Academy. Verify assumptions, units, tail direction, and rounding before making a decision.