Question
Statistics, Econometrics & Mathematical Economics Question on Probability
Assume the following probabilities for two events, A and B: P(A) = 0.50,P(B) = 0.50, and P(A ∪ B) = 0.85. Then we can conclude that
A
A and B are mutually independent
B
A and B are equally likely
C
A and B are not mutually independent
D
A and B are mutually exclusive
Answer
A and B are mutually independent
Explanation
Solution
The correct option is (A) : A and B are mutually independent.