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Reliability given Risk Formula

GoReliability using Return Period Formula

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Reliability is the probability that a project does not fail its purpose during its design life. Check FAQs

R e = 1 - R

R_e - Reliability?R - Risk?

Reliability given Risk Example

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Here is how the Reliability given Risk equation looks like with Values.

Here is how the Reliability given Risk equation looks like with Units.

Here is how the Reliability given Risk equation looks like.

0.9353 = 1 - 0.0647

0.9353 = 1 - 0.0647

0.9353 = 1 - 0.0647

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Reliability given Risk Solution

Follow our step by step solution on how to calculate Reliability given Risk?

FIRST Step Consider the formula

R e = 1 - R

Next Step Substitute values of Variables

∴

R e = 1 - 0.0647

Next Step Prepare to Evaluate

∴

R e = 1 - 0.0647

Next Step Evaluate

∴

R e = 0.935295

LAST Step Rounding Answer

∴

R e = 0.9353

Reliability given Risk Formula Elements

Variables

Reliability

Reliability is the probability that a project does not fail its purpose during its design life.

Symbol: R_e

Measurement: NAUnit: Unitless

Note: Value can be positive or negative.

Formulas to find Reliability

Risk

Risk is the probability of occurrence of an event at least once over a period of n successive years.

Symbol: R

Measurement: NAUnit: Unitless

Note: Value can be positive or negative.

Formulas to find Risk

Other Formulas to find Reliability

Go Reliability using Return Period

R e = {(1 - (\frac{1}{T r}))}^{n}

Other formulas in Risk, Reliability and Safety Factor category

Go Equation for Risk

R = 1 - {(1 - p)}^{n}

Go Equation for Risk given Return Period

R = 1 - {(1 - (\frac{1}{T r}))}^{n}

Go Probability given Return Period

p = \frac{1}{T r}

Go Return Period given Probability

T r = \frac{1}{p}

How to Evaluate Reliability given Risk?

Reliability given Risk evaluator uses Reliability = 1-Risk to evaluate the Reliability, The Reliability given Risk is defined as the probability that a project does not fail its purpose during its design life. Reliability is denoted by R_e symbol.

How to evaluate Reliability given Risk using this online evaluator? To use this online evaluator for Reliability given Risk, enter Risk (R) and hit the calculate button.

FAQs on Reliability given Risk

What is the formula to find Reliability given Risk?

The formula of Reliability given Risk is expressed as Reliability = 1-Risk. Here is an example- 0.001 = 1-0.064705.

How to calculate Reliability given Risk?

With Risk (R) we can find Reliability given Risk using the formula - Reliability = 1-Risk.

What are the other ways to Calculate Reliability?

Here are the different ways to Calculate Reliability-

Reliability=(1-(1/Return Period))^Successive Years

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