Let A and B be two events defined on the same sample space such that P(A)=0.4, P(B)=0.5 and P(A∩B)=0.20.
a. (i) Verify whether events A and B are independent.
b. (ii) Calculate P(A∣B) and interpret the result in the context of independence.
c. (iii) Briefly distinguish between independence and mutual exclusivity, giving one numerical example of mutually exclusive events to support your explanation.