Putting it all together: a final
problem
Suppose your house is located on the
flood plain of a river. There some concerns you should
have:
- When the river overflows its
banks (and eventually it will) and spreads out onto
the floodplain, what will be the magnitude of the
flood?
- What is the recurrence interval
of this size flood?
- If you have a 30 year mortgage,
what's the probability of flooding during the
lifetime of your mortgage?
- Should you buy home owners flood
insurance or take your chances hoping that flooding
will not occur?
Assume
that your home is located at the same
elevation as the 15 foot stage of the
river. Use the two curves above (the
Rating Curve and the Recurrence
Interval Curve) to help you answer the
questions below.
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