Step 1: Formula for bifurcation ratio.
Bifurcation ratio (\(R_b\)) between two successive orders is defined as:
\[
R_b = \frac{N_u}{N_{u+1}}
\]
where \(N_u\) = number of streams of order \(u\), \(N_{u+1}\) = number of streams of next higher order.
Step 2: Calculate bifurcation ratios for each successive pair.
- Between 1st and 2nd order:
\[
R_b = \frac{240}{40} = 6
\]
- Between 2nd and 3rd order:
\[
R_b = \frac{40}{8} = 5
\]
- Between 3rd and 4th order:
\[
R_b = \frac{8}{2} = 4
\]
- Between 4th and 5th order:
\[
R_b = \frac{2}{1} = 2
\]
Step 3: Find average bifurcation ratio.
\[
\text{Average } R_b = \frac{6 + 5 + 4 + 2}{4} = \frac{17}{4} = 4.25
\]
Step 4: Round off to 2 decimal places.
\[
R_b = 4.25
\]
Final Answer: \[ \boxed{4.25} \]