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