1. Over the last 10 years, the hurdle or discount rate for projects from the Advanced Materials Division of SuperTech has been 15% three times, 25% twice, and 20% the rest of the time. There is no recognizable pattern. What is the expected value for next year's discount rate?
1. Over the last 10 years, the hurdle or discount rate for projects from the Advanced Materials Division of SuperTech has been 15% three times, 25% twice, and 20% the rest of the time. There is no recognizable pattern. What is the expected value for next year's discount rate?
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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