A worked example
With P(A) = 50% and P(B) = 30%, both happening (A and B) comes to 15%, while either happening (A or B) comes to 65%.
Frequently asked questions
What does 'independent' mean here?
The outcome of one event has no effect on the other — like two separate coin flips. If events are dependent (one affects the other's likelihood), these formulas don't directly apply.
Why subtract P(A)×P(B) in the OR formula?
Simply adding P(A) and P(B) would double-count the outcomes where both happen — subtracting the overlap (P(A and B)) corrects for that double-counting.