Putting it all together: a final
            problem
            Suppose your house is located on the
            flood plain of a river. There some concerns you should
            have: 
            
              - When the river overflows its
              banks (and eventually it will) and spreads out onto
              the floodplain, what will be the magnitude of the
              flood?
 
              - What is the recurrence interval
              of this size flood?
 
              - If you have a 30 year mortgage,
              what's the probability of flooding during the
              lifetime of your mortgage?
 
              - Should you buy home owners flood
              insurance or take your chances hoping that flooding
              will not occur?
 
             
            
            
              
                
                
                    
                      
                        
                          
                            Assume
                            that your home is located at the same
                            elevation as the 15 foot stage of the
                            river. Use the two curves above (the
                            Rating Curve and the Recurrence
                            Interval Curve) to help you answer the
                            questions below. 
                           
                          
                      
                        
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