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Question
Return period Refers to
A.
The Probability of Exceedance of an event
B.
The Probability of Non-Exceedance of an event
C.
The inverse of the Probability of Exceedance of an event
D.
The inverse of the Probability of Non-Exceedance of an event 
Answer ( Option C)

The inverse of the Probability of Exceedance of an event

Solution

Return period, also known as a recurrence interval, is an estimate of the likelihood of an event. It is the inverse of the probability that the event will be exceeded in one year, or the inverse of the expected number of occurrences in a year.

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