Product Quality Measures Question:
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Define severity and priority of bug?

Answer:

Severity:
Concern with functionality of application. It deals with the impact of the bug on the application.
Priority:
Concern with application from the business point of view.
It answers: How quickly we need to fix the bug? Or How soon the bug should get fixed?

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Do you know how bug is affecting the functionality of the application?Define bug life cycle?