Correct Answer - Option 1 : P(A) ≤ P(B̅)
Concept:
Probability ≤ 1
P(A ∪ B) = P(A) + P(B) - P(A ∩ B)
For mutually exclusive events A and B, P(A ∩ B) = 0
P(B̅) = 1 - P(B)
Calculation:
We know, for mutually exclusive events A and B, P(A ∩ B) = 0
P(B̅) = 1 - P(B)
P(A ∪ B) ≤ 1
P(A) + P(B) ≤ 1
P(A) ≤ 1 - P(B)
P(A) ≤ P(B̅)
Hence, option (1) is correct.