The correct option is C independent but not equally likely
Given: P(¯¯¯¯¯¯¯¯¯¯¯¯¯¯A∪B)=16, P(A∩B)=14 and P(¯¯¯¯A)=14
Since, P(A∪B)=1−P(¯¯¯¯¯¯¯¯¯¯¯¯¯¯A∪B)=1−16=56
and, P(A)=1−P(¯¯¯¯A)=34
Now, P(A∪B)=P(A)+P(B)−P(A∩B)
⇒56=34+P(B)−14
⇒P(B)=13
P(A)≠P(B), So not equally likely
Now, P(A)⋅P(B)=13⋅34
⇒P(A)⋅P(B)=14=P(A∩B)
Hence, events A and B are independent but not equally likely