Given P(A)=0.31P(A)=0.31, P(B)=0.5P(B)=0.5 and P(A\text{ or }B)=0.535P(A or B)=0.535, find the value of P(A and B) rounding to the nearest thousandth, if necessary.

$Given P(A)=0.31P(A)=0.31, P(B)=0.5P(B)=0.5 and P(A\text{ or }B)=0.535P(A or B)=0.535, find-example-1$

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