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Inc. a. In the third column, rank this data by year from thelargest amount (rank...

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Economics

Inc. a. In the third column, rank this data by year from thelargest amount (rank of 1) to the smallest (rank of 9). b. In thefourth column, calculate the probability, in percent, of the floodrecurring using the formula: rank

(n_( )1)_(\times )100

; where

n=

the number of years with available data c. In column five, rankthe recurrence intervals. This is determined by the followingequation:

RI=(N 1)/(M)

Where:

RI=

the recurrence interval N is the number of years the floods areon record

M

is the rank of the flooding event (largest flood

M=1

) Because there are nine years of data, this calculationbecomes

9 1

, divided by the rank number you assigned

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