If event A has a probability of \( 0.5 \) and event B has a probability of \( 0.3 \), what is the probability that both events occur?
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To find the probability that both events A and B occur, we can use the multiplication rule of probability. If A and B are independent events, the probability of both occurring is calculated as follows: \[ P(A \text{ and } B) = P(A) \times P(B) = 0.5 \times 0.3 = 0.15. \] So, there is a 15% chance that both events will happen simultaneously! Now, keep in mind that if A and B are not independent (i.e., the occurrence of one affects the probability of the other), you’ll need more information to accurately calculate the joint probability. In real-life scenarios, dependency is quite common, so always check the nature of the events you're dealing with!