Prior E{M}

4.9500

Optimal Sampling Number of Failure

7

Actual Sampling Number of Failure

4

Prior E{λ₀}

0.2

Posterior E¢{λ₀}

0.1532

Prior E{β}

1.49

Posterior E¢{β}

1.7314

Cutoff Value of E{M} for Risk Reduction

6.9400

Prior Decision

Status Quo

Posterior E¢{M}

9.6983

Posterior Decision

Risk Reduction