Final answer:
The probability of event A or event B occurring, P(A OR B), is calculated as the sum of the probabilities of A and B minus the probability of A and B occurring together, resulting in 7/12.
Step-by-step explanation:
The probability of either event A or event B occurring is given by the addition rule, which states that P(A OR B) = P(A) + P(B) − P(A AND B). To find P(A OR B), we simply add the probabilities of A and B and then subtract the probability of A and B occurring together.
In this case:
P(A) = 1/2,
P(B) = 1/3, and
P(A AND B) = 1/4.
Thus, P(A OR B) = (1/2) + (1/3) - (1/4).
To add fractions, we need a common denominator, which in this case is 12, resulting in:
P(A OR B) = (6/12) + (4/12) - (3/12) = (6+4-3)/12 = 7/12.
Therefore, the value of P(A OR B) is 7/12.