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To calculate the probability of pulling a red marble out of the bowl, we need to divide the number of red marbles by the total number of marbles in the bowl.
Probability of choosing a red marble = Number of red marbles / Total number of marbles
Probability of choosing a red marble = 12 / 120
Probability of choosing a red marble = 1/10
Therefore, the probability that Nicole will pull a red marble out of the bowl is 1/10.