What is the expected value for next year discount rate

Reference no: EM132171415

Question: Over the last 10 years, the hurdle or discount rate for projects from the Advanced Materials Division of Spartech has been 15% three times, 25% twice, and 20% the rest of the time. There is no recognizable pattern. What is the probability distribution and the expected value for next year's discount rate?

Reference no: EM132171415

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