Over the last 10 years, the hurdle or discount ratefor
Chapter , Problem 10-8(choose chapter or problem)
Over the last 10 years, the hurdle or discount ratefor projects from the firms research and develop- ment division has been 10% twice, 15% three times,and 20% the rest of the time. There is no recogniz-able pattern. Calculate the probability distributionfor next years discount rate.
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