Bayesian Statistics Applied to Reliability Analysis ...

9/23/12 1 Bayesian Statistics Applied to Reliability Analysis and Prediction By Allan T. Mense, , PE, CRE, Principal Engineering Fellow, Raytheon Missile Systems, Tucson, AZ 1. Introductory Remarks. Statistics has always been a subject that has baffled many people both technical and non technical. Its basis goes back to the mid 18th century and the Analysis of games of chance. Statistics is the application of probability and probability theory can be traced to the ancient Greeks but it was most notably developed in the mid 17th century by the French mathematicians Fermat, Laplace, and others. Rev. Sir Thomas Bayes (born London 1701, died 1761, see drawing below) had his works that includes the Theorem named after him read into the British Royal Society proceedings (posthumously) by a colleague in 1763. I have actually seen the original publication! For years and even in the present day the Statistics community seems to have a schism between the so-called objectivists or frequentists and their so-called classical interpretation of probability and the Bayesians who have a broader interpretation of probability.

9/23/12 1 Bayesian Statistics Applied to Reliability Analysis and Prediction By Allan T. Mense, Ph.D., PE, CRE, Principal Engineering …

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  Analysis, Statistics, Reliability, Applied, Bayesian, Bayesian statistics applied to reliability analysis

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