Let's say that you are the Business Analytics Head at a national bank. From the historical data, you have determined that there is a 0.33 probability that a customer would default on a particular loan. Now, what is the probability that out of the next two customers who apply for the same loan, both would not default on the loan?

a. 0.11

B. 0.89

C. 0.45

D. 0.29