1) For the personal vehicle 1992 Mitsubishi 3000GT VR4
a. Estimate the MTBF (include failure data, fabricate if needed),
b. Calculate the lower-one-sided 80% confidence bound,
c. Write an equation to describe the survival probability,
d. Discuss pro’s and con’s this analysis.
2) Obtain or otherwise fabricate a data set consisting of at least 30 observations including a mixture of failures and censored data.
a. Construct a Weibull plot
b. Estimate the model parameters,
c. Construct a plot of the PDF, include equation of the line,
d. Construct a plot of the CDF, include equation of the line,
e. Construct a plot of the Hazard function, include equation of the line,
f. Discuss significant aspects of your data set and implications of the resulting parameter estimates. What conclusions and recommendations would you make?