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During a meteor shower, 'shooting stars' occur at an average rate of 12 per minute or .2 per second.Assume all the Poisson conditions are met.What is the probability of exactly one 'shooting star' in a randomly selected second?
Voluntary Petition
A legal document filed by an individual or entity declaring their intent to undergo bankruptcy proceedings under their own accord.
Bankruptcy Relief
Legal measures available to individuals or corporations that cannot meet their financial obligations, allowing for reorganization or discharge of debts.
Preferential Payment
A financial transaction that gives prior payment to one creditor over others before a debtor's bankruptcy.
Insolvent Debtor
A debtor who cannot pay debts in a timely fashion.
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