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Andy from Backblaze here. Thanks for pointing it out. The correct range is low: 0.5% to high: 1.1%. We have updated the chart.

Yes, low/high should bracket the annualized failure rate. It's probably 1.1%

Absolutely right, we've fixed the error! Whoops!

Yep. That's the most important number, in part because it appears to be flipped.