Which of the following statements are true or false? Give reasons for your answers.
(i) If P(A)= 0.4, P(A∪B)=0.7 and A and B are independent sets, then P(B)= 0.55.
(ii) By Chebyschev's inequality, P{|x-μ|≥2σ} ≤ 0.2
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