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:
“I hate that word. It’s return—a return to the millions of people who’ve never forgiven me for deserting the screen.”
—Billy Wilder (b. 1906)
“Intellectual life is international. Only a period of discouragement, an age that has given up on itself, that wants to “preserve,” that has been driven onto the defensive, can be intellectually nationalist. Such a period is essentially “conservative.” A person who has progress in his heart is international.”
—Robert Musil (1880–1942)