Definition of Annual failure probability

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TeachMeFinance.com - explain Annual failure probability



Annual failure probability

The term 'Annual failure probability' as it applies to the area of reclamation can be defined as ' The probability of the load multiplied by the probability of failure'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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