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Drawing conclusions about population parameters from sample data. See https://en.wikipedia.org/wiki/Inference and https://en.wikipedia.org/wiki/Statistical_inference
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Identify the confidence of the impact of a proposed improvement initiative
Without any more details, this is very difficult to answer.
If the brakes fail e.g. due to manufacturing tolerances, where deviations cause the breaks to fail, then you might be able to estimate the i …