
As with the Markov Inequality, we may find useful information from a list of values, say time to failure data. Again, none of the numbers may be negative for this to apply, yet with life data that is rarely the case.
Short on time- a common situation for reliability engineers; we have only the mean, standard deviation and number of values in a list. And, we need to say something about the data and the number or fraction of value above a specific value. [Read more…]