CNN The Situation Room With Wolf Blitzer June 4, 2024 21:19:00
Understand. take a deck of cards that you would have, for example. when we talk about a 1 in 100-year flood, it basically means the cumulative risk over a 30-year period is 26%. that would be your odds, statistical odds of drawing any heart from the deck. 2 of hearts, 10 of hearts, jack of hearts. it doesn't matter. 1 in 500-year flood event is grabbing two hearts in a deck. 1 in 1 though you-year flood, the cumulative risk over 30 years is 3%. that is like pulling a red ace from the deck of cards. again, it's extremely rare to have these, let alone have two in the same week. the thing is, whe...