Welcome to another new game show, “Spinning for Luck!” As a contestant, you will be spinning two wheels. Each wheel is divided into equal sectors. The first wheel determines a possible dollar amount that you could win. The second wheel is the “multiplier”. You will multiply the results of your spins to determine the amount you will win. Unfortunately, you could owe money if your multiplier lands on –2! a. What is the probability of winning $100 or more?
b. What is the probability of owing $100 or more?