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A 50-Year Flood Has an Annual Exceedance Probability of

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A 50-year flood has an annual exceedance probability of


Definitions:

Alpha

A threshold value used in hypothesis testing that defines the probability of making a Type I error, or rejecting a true null hypothesis.

Critical Value

A threshold in statistical testing that defines the boundary for rejecting the null hypothesis.

Hypotheses

A formulated assumption made based on limited evidence as a starting point for further investigation.

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