Consider the following statements:
I: Two events are mutually exclusive if the occurrence of one event prevents the occurrence of the other.
II: If A and B are two mutually exclusive events with P(A) = \(\frac{1}{3}\) and P(B) = \(\frac{1}{4}\) then P(A̅ ∩ B̅) is \(\frac{5}{12}\)
Which of the above statements is/are correct?
1
Only I
2
Only II
3
Both I and II
4
None