We can use the formula for conditional probability to find \( P(B) \). The formula is:
\[ P(A|B) = \frac{P(A \text{ and } B)}{P(B)} \]
We know:
- \( P(A \text{ and } B) = 0.20 \)
- \( P(A|B) = 0.40 \)
Substituting these values into the conditional probability formula:
\[ 0.40 = \frac{0.20}{P(B)} \]
To find \( P(B) \), we can rearrange the equation:
\[ P(B) = \frac{0.20}{0.40} \]
Calculating this gives:
\[ P(B) = 0.50 \]
Thus, the correct option is:
0.5