In this example, you are interested in buying a piece of property along the Snoqualmie River east of Seattle. You do a little research, and learn that in the past 76 years the river has flooded the property 19 times. QUESTION 8: What is the recurrence interval of these floods? Once in every 4 years QUESTION 9: What is the AP of these floods? Give your answer as both a decimal and percentage. 0.25 and 25% QUESTION 10: If you were to own this property for 30 years, what is the probability that you would experience a flood? Give your answer as a percentage. QUESTION 11: You end up buying the property, and building a house that is valued at $750,000 (you can consider this your exposure). The house is constructed such that during flood events only 15% of the house could be damaged. What is your risk to the house from flooding