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The exponential distribution is used in reliability engineering as a model of the time to failure of a system. The parameter λ is called _____ in this application.

The exponential distribution is used in reliability engineering as a model of the time to failure of a system. The parameter λ is called _____ in this application. Correct Answer Failure rate

The parameter λ in the reliability engineering application of the exponential distribution is called the failure rate of the system. The application uses it as a model of time to failure.

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