Failure Rate
| Failure Rate Formula | 
| \( FR \;=\; \dfrac{ TF }{ TT } \) | 
| Symbol | 
| \(\large{ FR }\) = failure rate | 
| \(\large{ TF }\) = total amount of failures | 
| \(\large{ TT }\) = total amount of time | 
Failure rate, abbreviated as FR, is the anticipated number of times that an asset or piece of equipment fails in a specific period of time.

