Concept:
For any two events \(A\) and \(B\), the probability of their union is given by:
\[
P(A \cup B) = P(A) + P(B) - P(A \cap B)
\]
If \(A\) and \(B\) are independent events, then:
\[
P(A \cap B) = P(A)P(B)
\]
Thus, the formula becomes:
\[
P(A \cup B) = P(A) + P(B) - P(A)P(B)
\]
Step 1: Find \(P(A \cap B)\) using independence.
\[
P(A \cap B) = P(A)P(B)
\]
Substitute the given values:
\[
P(A \cap B) = 0.4 \times 0.5 = 0.20
\]
Step 2: Apply the union formula.
\[
P(A \cup B) = P(A) + P(B) - P(A \cap B)
\]
Substitute the values:
\[
P(A \cup B) = 0.4 + 0.5 - 0.20
\]
\[
P(A \cup B) = 0.70
\]
\[
\therefore P(A \cup B) = 0.70
\]