The probabilities that the stock will rise in price are 0.46 and 0.54. Furthermore, if the stock rises in price, the probability that it will also rise in price is 0.16.
What is the probability that at least one of the stocks will rise in price? (Round your answer to two decimal places)
Are events A and B mutually exclusive?
Yes, because P(A ∩ B) = 0.
Are events A and B independent?
No, because P(A ∩ B) ≠ P(A) * P(B).