Question #1: Could a 100 year flood occur in the next year after a 100 year flood has taken place.
Solution: The answer is yes. A 100 year flood has a return period of T = 100, so the probability of a flood of equal or greater magnitude occurring in any one year period is p = 1/T = 1/100 = 0.01. Thus there is a probability of 0.01 or 1 in 100 that a 100 year flood will occur in any given year. It is not likely, but it is possible. The fact that a 100 year flood occurred in one year has no effect on the probability of its occurring in the next year.
Question #2: What is the probability that a 50 year river level will occur within the next 10 years at any given location?
Solution: The answer to this can be found using the last equation in the previous section, pN = 1 - (1 - p)N. Since we are considering a 10 year period of time, N = 10. Also, for a 50 year river level, p = 1/50 = 0.02. Substituting into the equation: P10 = 1 - (1 - 0.02)10 = 1 - 0.9810 = 0.183. Thus the probability of a 50 year river level occurring in a 10 year period is about 18%.