Using the principle of probability, the probability that the outcome of both spins does not land on "<em>bankrupt</em><em>"</em><em> </em>is 1/144
<u>Given</u><u> </u><u>the</u><u> </u><u>Parameters</u><u> </u><u>:</u>
- Total Number of possible outcomes = 24
- Number of outcomes labeled bankrupt = 2
- Labels which aren't labeled bankrupt = 24 - 2 = 22
<u>Recall</u><u> </u><u>:</u>
- P(A) = <em>required</em><em> </em><em>outcome</em><em> </em><em>/</em><em> </em><em>Total</em><em> </em><em>possible outcomes</em><em> </em>
<u>First</u><u> </u><u>spin</u><u> </u><u>:</u>
- P(not bankrupt) = 2 / 24 = 1/12
<u>Second</u><u> </u><u>spin</u><u> </u><u>:</u>
- P(not bankrupt) = 2/24 = 1/12
P(<em>neither</em><em> </em><em>lands</em><em> </em><em>on</em><em> </em><em>bankrupt</em><em>)</em><em> </em><em>=</em><em> </em>1/12 × 1/12 = 1/144
Therefore, the probability that neither lands on bankrupt is 1/144
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