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Question 1 Innovation contests. Reliability workshops. Failure conferences. Some companies/universities send their employees/academics/students to attend such contests, workshops and conferences. Why do you think they adopt this approach? (b) Reliability analysis lowers failure rate over the long term, reduces producer's warranty costs, and makes the customer want to come back. What do you think are the problems involved in reliability analysis? Given a set of data, how do we infer the properties of the underlying distribution from which the data have been drawn? For example, we have recorded the times to failure of a number of devices of the same design and manufacture. What can we surmise about the probability distribution of times-to-failure that would emerge if a very large population of all such devices was to be tested to failure? (d) The behaviour of failure rates with time is quite revealing. Comparisons of human mortality and engineering failures add insight into the three broad classes of failures that give rise to the bathtub curve. Does the bathtub curve apply to our era of disruptions and changes? Provide compelling justification for your