You are considering opening a new branch of your company. There are four possible outcomes: (1) The branch incurs an economic loss, (2) the branch makes zero economic profit, (3) the branch makes a small economic profit, and (4) the branch makes a large economic profit. Upon consideration, you estimate the probabilities of the first three outcomes to be p1 = 20 percent, p2 = 10 percent, and p3 = 30 percent, respectively. You will open the branch only if the probability of success is 50 percent or greater, and you define success as “the branch makes an economic profit,” no matter how large. Do you open the new branch?