Calculate P(A and B) in the following scenarios: a. P(A)= 0.01, P(B)= 0.97; A and B are independent
If A and B are independent, then the probability of both events occurring (P(A and B)) is equal to the product of their individual probabilities (P(A) * P(B)).
P(A and B) = P(A) * P(B) = 0.01 * 0.97 = 0.0097