articular home is estimated to be 1 in 100, it is said that the home is located in a 100-year flood plain. What is the probability of flood damage in a given year? (State as a straight number, not a percentage, e.g. if it is 20%, state 0.20

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 50E: Flexible Work Hours In a recent survey, people were asked whether they would prefer to work flexible...
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If the likelihood of flood damage to a particular home is estimated to be 1 in 100, it is said that the home is located in a 100-year
flood plain. What is the probability of flood damage in a given year? (State as a straight number, not a percentage, e.g. if it is 20%,
state 0.20
Transcribed Image Text:If the likelihood of flood damage to a particular home is estimated to be 1 in 100, it is said that the home is located in a 100-year flood plain. What is the probability of flood damage in a given year? (State as a straight number, not a percentage, e.g. if it is 20%, state 0.20
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