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
Unit of time lunation. Such calendars include the Sumerian, Egyptian, Chinese, Babylonian, ancient Athenian, Buddhist, Hindu, Islamic, Icelandic, Mayan, and French Republican calendars. The modern calendar has its origins in the Roman calendar, which evolved into the Julian calendar, and then the Gregorian. Note: The light-year is not a unit of time, but a unit of length of about 9.5 trillion kilometres (9,454,254,955,488 kilometres). All of the important units of time can be interrelated. The key units are the second, defined in terms of an atomic process; the day, an integral multiple of seconds; and the year, usually 365 days (more info HERE).