What was the expected return on columbusrsquos expedition, Business Economics

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What was the expected return on columbusrsquos expedition

What was the expected return on Columbus’s expedition, assuming that he had a 50 percent chance of discovering valuables worth $1 million, a 25 percent chance of bringing home only $10,000, and a 25 percent chance of sinking?

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Business Economics: What was the expected return on columbusrsquos expedition

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Business Economics: What was the expected return on columbusrsquos expedition

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