One Percent Chance Flood (One Hundred Year Flood)
One Percent Chance Flood (One Hundred Year Flood) : Flood magnitude that has one chance in 100 of being exceeded in any future 1-year period. The occurrence of floods is assumed to be random in time, or regularity of occurrence is implied. The exceeding of a 1-percent chance is no guarantee, therefore, that a similar size flood will not occur next week. The risk of experiencing a large flood within time periods longer than 1 year increases in a nonadditive fashion. For example, the risk of exceeding a 1-percent chance flood one or more times during a 30-year period is 25 percent and during a 70-year period is 50 percent
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