This may be a dumb question but it never hurts to ask. How do you know if you really have an engine out or start to lose power? Say your taking off (or even at altitude) about 500ft agl and you have a failure, what are signs you will notice that are out of the ordinary? Obviously the engine sound will change and you may feel deceleration but as far as engine sound goes, i assume it will be noticeable. We get accustomed to how everything normally goes so if something were to develop i feel like its important to know what is actually happening ASAP and do something instead of "something doesnt seem right, but im not sure if its actually happening" and not your mind playing tricks on you if that makes sense.