Weibull
Continuous distribution for reliability data and survival times.
Parameters
Location: Minimum value of the distribution.
Shape: Shape of the distribution.
Scale: Scale of the distribution.
Applications
Applied in reliability analysis for product lifespans, in manufacturing for failure rate modeling, and in finance for predicting time to default in credit risk.
To integrate Monte Carlo samples in your scenarios, see the Scenarios - Monte Carlo module.
Outputs
Plot: Histogram of the distribution with selected Confidence Interval.
Data: Confidence Intervals, Summary Statistics and Percentiles. See a sample output.
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