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Assume that Onyx County $10,000 to its OPEB plan for the current year. The net OPEB liability, none of which is due and payable at year end, increase from $25,000 to $45,000 during the year. The General Fund, which is the only fund with employees, would recognize expenditures in the current year of
Probability .50
A statistical measure indicating that an event has an equal chance of occurring or not occurring, often represented as a 50% chance.
Nash Equilibrium
A concept in game theory where each player's strategy is optimal, given the strategies of all other players, leading to a situation where no player has an incentive to unilaterally change their strategy.
Michigan Football
Refers to the college football program representing the University of Michigan, known for its long history and success in the sport.
Probability .70
A statistical measure indicating that an event has a 70% chance of occurring.
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