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QUESTION
ENCE627 - Solution Set 5 - not understanding which equations were used.
ENCE627 - Solution Set 5 - not understanding which equations were used.
Based on the excel spreadsheet, I cannot seem to determine what equations are used to determine average floods occurring per year, discounted damages per year, or probability x discounted per year. The equations are not easily followed. I understand the discount factor being based on the equation, but the other areas I'm not understanding.
