For two events A and B in a probability space it is given that P(A)=0.4, P(B)=0.5 and P(A∪B)=0.7.
a. (i) Find P(A∩B).
b. (ii) Hence compute P(A∣B).
c. (iii) Calculate P(B∣A).
d. (iv) Using any one of the results above, examine whether A and B are independent events, giving full justification.