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Given that events A and B are independent with 
P(A)=0.5 and 
P(B)=0.37, determine the value of 
P(A nn B), rounding to the nearest thousandth, if necessary.
Answer:

Given that events A and B are independent with P(A)=0.5 P(A)=0.5 and P(B)=0.37 P(B)=0.37 , determine the value of P(AB) P(A \cap B) , rounding to the nearest thousandth, if necessary.\newlineAnswer:

Full solution

Q. Given that events A and B are independent with P(A)=0.5 P(A)=0.5 and P(B)=0.37 P(B)=0.37 , determine the value of P(AB) P(A \cap B) , rounding to the nearest thousandth, if necessary.\newlineAnswer:
  1. Understand Independent Events: Understand the concept of independent events. For two independent events AA and BB, the probability of both events occurring is the product of their individual probabilities. This is expressed as P(AB)=P(A)×P(B)P(A \cap B) = P(A) \times P(B).
  2. Calculate P(AB)P(A \cap B): Use the given probabilities to calculate P(AB)P(A \cap B). We are given P(A)=0.5P(A) = 0.5 and P(B)=0.37P(B) = 0.37. To find P(AB)P(A \cap B), we multiply these probabilities together. P(AB)=P(A)×P(B)=0.5×0.37P(A \cap B) = P(A) \times P(B) = 0.5 \times 0.37
  3. Perform Multiplication: Perform the multiplication to find P(AB)P(A \cap B).P(AB)=0.5×0.37=0.185P(A \cap B) = 0.5 \times 0.37 = 0.185
  4. Round Result: Round the result to the nearest thousandth if necessary.\newlineThe result 0.1850.185 is already rounded to the nearest thousandth, so no further action is needed.

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