Nick decides to play "Spin to Win” at a fundraiser event. He has a 25% chance of winning on any individual spin. Individual spins are independent. Nick decides to play the game 3 times.
What is the probability that he wins the first 2 spins and then loses on the 3rd spin?
A. 0.015625
B. 0.046875
C. 0.140625
D. 0.421875
ANSWER IS B