Written by Calculates the value of the Weibull distribution function (or Weibull cumulative distribution function) for defined shape and scale parameters.
Written by The WEIBULL function in Excel is a statistical function used to analyze the reliability of products and timing of events. It allows users to calculate the probability of failure for a given set of data based on the Weibull distribution, which is widely used in various fields such as engineering, finance, and life data analysis. This function helps determine how long a product or process is likely to last, which is crucial for decision-making.
The WEIBULL.DIST function in Excel is a powerful statistical tool used to calculate the probability distribution of a Weibull random variable. It serves various purposes in reliability engineering and life data analysis, offering valuable insights into failure rates and lifetimes of products. This article will cover the syntax, provide examples, and discuss error handling related to the WEIBULL.DIST function.