After seeing devastating flood damage in South Carolina, newscasters began repeating the phrase "thousand-year-storm" to describe what had happened. But many mistakenly interpreted the phrase to mean that the storm was likely to happen once every thousand years. In actuality, the "thousand" is in reference to the likelihood of it happening in any year. You could actually experience a thousand-year-storm multiple times in a year. But don't let that stop armchair statisticians from....

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