Frequency of exceedance any peak exceeding is . Its complement, is the probability of exceedance, the probability that has been exceeded at least once by time . This probability can be useful to estimate whether an extreme event will occur during a specified time period, such as the lifespan of a structure or the duration of an operation. If is small, for example for the frequency of a rare event occurring in a short time period, then Under this assumption, the frequency of exceedance is equal to the probability of exceedance per unit time, , and the probability of exceedance can be computed
Per-unit system two base quantities. Once the base power and the base voltage are chosen, the base current and the base impedance are determined by the natural laws of electrical circuits. The base value should only be a magnitude, while the per-unit value is a phasor. The phase angles of complex power, voltage, current, impedance, etc., are not affected by the conversion to per unit values. The purpose of using a per-unit system is to simplify conversion between different transformers. Hence, it is appropriate to illustrate the steps for finding per-unit values for voltage and impedance. First, let the base power (S_base)