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The United States experiences about 1200 tornadoes in an average year that cause a total of about $1 billion in damage. This works out to a mean of a little over $800,000 per tornado. Most likely the cost of a typical tornado is somewhat lower, though, as often a few especially destructive tornadoes make up a significant portion of the damage for a given year.
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Which of these would be associated with financial cost?
money
What role does the cost of capital play in the financial decision making of the firms top managers?
What role does the cost of capital play in the financial decision making
What is the average cost of an credit card bill?
$200/month is the average cost.
How much does the financial times cost?
Weekdays it costs £2.00
If average total cost is greater than marginal cost average total cost must be increasing is the true or false?
true
What is the average speed for a tornado to start?
The average tornado travels at 35 mph.
How much money did the greensburg tornado cost the community?
The Greensburg tornado cost about $250 million.
How big is the average tornado?
The average tornado is 50 yards (45 meters) wide.
What is the average time for a tornado to happen?
The average tornado lasts for 5 to 10 minutes.
What is the average time for a tornado to stay on the ground?
The average tornado lasts for about 5 minutes.
What is the average cost of tuition to attend cosmetology school?
The cost varies from program to program and depends on where you live and what kind of financial aid you get. Out of pocket, the average is about $10,000-$12,000.
What is the average distance a tornado travels on the ground?
The average distance traveled by a tornado is about 5 miles.
What is the average forward speed for a tornado?
The average tornado moves at about 30 miles per hour.
What is the average path length of a tornado?
The average tornado has a path length of 2 to 3 miles.
What was the cost in dollars of the tornado that leveled Joplin MO?
The cost of damage from the Joplin tornado of 2011 was $2.8 billion, making it the costliest tornado in U.S. history.
What is the average damage caused by a tornado?
Damage cost data for tornadoes is avilabale for the years 1996-2013. In this time period, there were about 22,500 tornadoes in the U.S. that caused a total of about $34 billion in damage (adjusted for inflation to 2014 values). This works out to an average damage cost of just over $1.5 million per tornado. Note, however, that this is higher than the cost of the typical tornado, as the average is skewed upward by rare but extremely costly tornadoes. For example about $10 billion of the total damage from this period was caused by 5 tornadoes. In other words, 0.02% of the tornadoes caused nearly 30% of the damage. If we remove these events from the data set, the average cost per tornado is reduced to between $1.0 million and $1.1 million.
What is the average warning time of a tornado strike?
The average lead time for a tornado warning is 14 minutes.
