A return period also known as a recurrence interval is an estimate of the interval of time between events like an earthquake, flood or a river discharge flow of a certain intensity or size. It is a statistical measurement denoting the average recurrence interval over an extended period of time, and is usually used for risk analysis (e.g. to decide whether a project should be allowed to go forward in a zone of a certain risk, or to design structures to withstand an event with a certain return period. The following analysis assumes that the probability of the event occurring does not vary over time and is independent of past events.
Read more about Return Period: Equation, Return Period As "expected Frequency", Probability Distribution
Famous quotes containing the words return and/or period:
“Retirement requires the invention of a new hedonism, not a return to the hedonism of youth.”
—Mason Cooley (b. 1927)
“There is not any present moment that is unconnected with some future one. The life of every man is a continued chain of incidents, each link of which hangs upon the former. The transition from cause to effect, from event to event, is often carried on by secret steps, which our foresight cannot divine, and our sagacity is unable to trace. Evil may at some future period bring forth good; and good may bring forth evil, both equally unexpected.”
—Joseph Addison (1672–1719)