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The joint probability P(A and B) is equal to the product of the individual probabilities $P(A)P(B)$ if and only if the events A and B are independent. Independence means that the occurrence of one event does not affect the probability of the other, which is mathematically expressed as P(B|A) = $P(B)$ (assuming $P(A) > 0$).

Conditions: Events A and B are independent.; For the conditional equality P(B|A) = $P(B)$, event A must have positive probability.

The joint probability P(A and B) is equal to the product of the individual probabilities $P(A)P(B)$ if and only if the events A and B are independent. Independence means that the occurrence of one event does not affect the probability of the other, which is mathematically expressed as P(B|A) = $P(B)$ (assuming $P(A) > 0$).

Conditions: Events A and B are independent.; For the conditional equality P(B|A) = $P(B)$, event A must have positive probability.