The probabilities of two events A and B are given as P(A)=0.8 and P(B)=0.7. What is the minimum value of P(A∩B)?
0
0.1
0.5
1
Explanation for the correct option:
Given,
P(A)=0.8P(B)=0.7
We know that, P(A)+P(B)-P(A∩B)≤1
So, 0.8+0.7-P(A∩B)≤1
⇒P(A∩B)≥1.5–1⇒P(A∩B)≥0.5
Hence the minimum value of P(A∩B)=0.5
Hence, the correct answer is option (C), 0.5.