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Mean Time Between Failures (MTBF)

MTBF is a basic measure of reliability for repairable items. It can be described as the number of hours that pass before a component, assembly, or system fails. It is a commonly-used variable in reliability and maintainability analyses.
MTBF can be calculated as the inverse of the failure rate for constant failure rate systems. For example: If a component has a failure rate of 2 failures per million hours, the MTBF would be the inverse of that failure rate.
MTBF = (1,000,000 hours) / (2 failures) = 500,000 hours

more information: http://www.i-mtbf.com/

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