A power utility hires a consulting meteorologist to define extreme wind design criteria for new transmission lines. Which statistical method is the standard for estimating extreme wind speeds with a specified return period?
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A
Simple arithmetic mean of all historical wind observations
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B
Extreme value analysis using a Gumbel or GEV distribution fitted to annual maximum wind speeds
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C
Daily average wind speed trends over the past decade
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D
Beaufort scale visual observations from field crews