Thread: Flood Insurance
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Old 05-11-2023, 03:00 PM
zg1000 zg1000 is offline
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Quote:
Originally Posted by Altavia View Post
A 100 year event has a 10% chance of occurance every ten years.
No. The chance of a 100 year event occurring IN ten years is
1 - (1- .01)^10 or about 9.56%.

The chance of a 100 year event occurring EVERY ten years (as stated) is
(0.0956)^10 or about 6 in a billion.

Math is funny, isn't it?