I have the following problem:
If the probability that student A will fail a certain statis- tics examination is 0.5, the probability that student B will fail the examination is 0.2, and the probability that both student A and student B will fail the examination is 0.1, what is the probability and that exactly one of the two students will fail the examina- tion?
I came up with the following solution: $$P(A) = 0.5; P(B) = 0.2$$ 'exactly one' means either A only fails or B only fails.
Event $X_1$: 'A only fails'$$ P(X_1) = P(A) *P(B)^c = 0.5*0.8 = 0.4 $$ Event $X_2$: 'B only fails' $$P(X_2) = P(A)^c * P(B) = 0.5*0.2 = 0.1 $$ And therefore: $$P(X_1\lor X_2) = P(X_1)+P(X_2)-P(X_1\land X_2) = 0.4+0.1-0 = 0.5 $$ My thoughts behind $P(X_1 \land X_2) = 0$ were that it is not possible that both only happens at the same time. I'm not fully sure whether that is correct. Should these logical thought be correct is the value of $0.5$ correct?