2. If a gambler makes repeated wagers, each with a probability of winning equal to 0.40, what is
the formula for the probability that they lose their first 5 wagers?
(a) 5 x 0.60
(b) 5 x 0.40
(c) 0.60 raised to the 5th power
(d) 0.40 raised to the 5th power