Find probability distribution for next year discount rate

Reference no: EM132165030

Question: Over the last 10 years, the hurdle or discount rate for projects from the firm's research and development division has been 10% twice, 15% three times, and 20% the rest of the time. There is no recognizable pattern. Calculate the probability distribution for next year's discount rate. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132165030

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