The correct formula to interpret the answer to an "or" probability scenario involving events \( P(A) \) and \( P(B) \) is:
\[ P(A \cup B) = P(A) + P(B) - P(A \cap B) \]
This formula accounts for the probability of either event A or event B occurring (denoted as \( P(A \cup B) \)), while subtracting the probability of both events A and B occurring (denoted as \( P(A \cap B) \)) to avoid double counting.
So the correct response is:
P(A) + P(B) − P(A and B)
This corresponds to the first option in your list.