Let A and B be two events. Suppose P(A) = 0.4, P(B) = P, and P(A∪B)=0.7. The value of p for which A and B are independent is
1/3
1/4
1/2
1/5
P(A∪B)=P(A)+P(B)−P(A)×P(B)
⇒ 0.7=0.4+p−0.4p
∴ 0.6p=0.3 or p=12