IN part true, but what the graph doesn't take in to account in that wiki article is that steel RUSTS and welds create stress points which focus the forces and thus simple graphs on wiki again prove themselves pointless ( as often the case with wiki )
You will see CRACKS long before you get to the point where a "small bump" can cause a break. So yes, owners need to inspect their cars ... jstu as those steel-built ones have to for rust too
We had a rear wing failure on single seater at speed on straight - luckily only a spin ended the "adventure". Looking at where the support beam failed it was clear there was a crack that was VERY OLD as it was showing corrosion in the crack for 10mm of it's length !!
"A woman without curves is like a road without bends, you might get to your destination quicker but the ride is boring as hell'