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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. 

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