If \( A \) and \( B \) are events such that \( P(A) = 0.42 \), \( P(B) = 0.48 \), and \( P(A \cap B) = 0.16 \), then:
I. \( P(\text{not } A) = 0.58 \)
II. \( P(\text{not } B) = 0.52 \)
III. \( P(A \cup B) = 0.47 \)
Show Hint
For any two events, use the addition rule for the union, and the complement rule for finding probabilities of "not" events.
Step 1: Using the complementary rule, \( P(\text{not } A) = 1 - P(A) = 0.58 \). Step 2: Similarly, \( P(\text{not } B) = 1 - P(B) = 0.52 \). Step 3: Using the formula for the union of two events:
\[
P(A \cup B) = P(A) + P(B) - P(A \cap B) = 0.42 + 0.48 - 0.16 = 0.74.
\]
Final Answer:
\[
\boxed{All three statements are correct}
\]