To find \( P(A \text{ and } B) \), we need to determine the probability of an event where a person arrives on time (event A) and uses a bus (event B).
From the table, we can see:
- The number of on-time arrivals by bus is 46.
- The total number of arrivals (both on time and late) is 320.
The probability \( P(A \text{ and } B) \) is calculated as follows:
\[ P(A \text{ and } B) = \frac{\text{Number of on-time arrivals by bus}}{\text{Total number of arrivals}} = \frac{46}{320} \]
Calculating the above fraction:
\[ P(A \text{ and } B) = \frac{46}{320} = 0.14375 \]
Rounding this to the nearest hundredth:
\[ P(A \text{ and } B) \approx 0.14 \]
Thus, the answer is \( \boxed{0.14} \).