Actually, an X-year event means that an event of equal or greater size has a 1 out of X chance of occurring per year which is distinctly different from for Y >> X => Y/X occurrences.
For example, a 100 year flood has a probability of occurring (or being exceeded) of 1% per year which is distinctly different from "a 100 year flood is expected once every 100 years".
The law of large numbers implies your statement but that isn't what the term X-year event means.
For example, a 100 year flood has a probability of occurring (or being exceeded) of 1% per year which is distinctly different from "a 100 year flood is expected once every 100 years".
The law of large numbers implies your statement but that isn't what the term X-year event means.