THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 233

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The average amount of time between a score by either team in college soccer games is 15.2 minutes.Suppose that the time between scores follows an exponential distribution.
-What is the probability that a soccer game goes for 45 minutes without either team scoring?

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Definitions:

Projected Benefit Obligation

An actuarial estimation of the present value of all the benefits earned by employees, taking into account expected future salary increases.

Pension Plan Assets

Funds and investments held by a pension fund to meet future obligations to retirees.

Prepaid Pension Costs

Expenses paid in advance for pension benefits, typically recorded as an asset on the balance sheet.

Unrecognized Net Loss

A loss that has occurred but has not been reported in the financial statements because it has not yet been realized through a transaction.