What is Weibull?

The Weibull distribution is a continuous probability distribution named after Waloddi Weibull. It's commonly used in reliability engineering to model the time to failure of components or systems. It's also applied in fields like weather forecasting, finance, and industrial engineering to model phenomena with varying failure rates. The flexibility of the Weibull distribution comes from its shape and scale parameters, allowing it to represent a wide range of failure behaviors, from decreasing failure rates (infant mortality) to constant failure rates (random failures) to increasing failure rates (wear-out failures).