Henderman said: It also depends on how that inch is divided up. I live in an arid, high climate with plenty of wind. If I watered an inch on Monday and didn't water again for a week everything would be dead. I'm better off watering a fraction of an inch every day or two.
And we only get ~13" of rain a year so I ignore what rain we do get when I'm considering watering. Any rain is just frosting on the cake, its not enough to keep anything alive.