Final answer:
To find P( ∩ ), multiply the probabilities of A and B. To find P( ∪ ), add the probabilities of A and B and subtract the probability of their intersection.
Step-by-step explanation:
To find P( ∩ ), we use the formula P( ∩ ) = P(A) * P(B), since A and B are independent events. Therefore, P( ∩ ) = 0.4 * 0.5 = 0.2.
To find P( ∪ ), we use the formula P( ∪ ) = P(A) + P(B) - P( ∩ ), since A and B are independent events. Therefore, P( ∪ ) = 0.4 + 0.5 - 0.2 = 0.7.