While the dependence assumption among the components is naturally important in evaluating the reliability of a system, studies investigating the issues of aggregation errors in Bayesian reliability analyses have been focused mainly on systems with independent components. This study developed a copula-based Bayesian reliability model to formulate dependency between components of a parallel system and to estimate the failure rate of the system. In particular, we integrated Monte Carlo simulation and classification tree learning to identify key factors that affect the magnitude of errors in the estimation of posterior means of system reliability (for different Bayesian analysis approaches—aggregate analysis, disaggregate analysis, and simplified disaggregate analysis) to provide important guidelines for choosing the most appropriate approach for analyzing a model of products of a probability and a frequency for parallel systems with dependent components.