We assumed in this answer that the question b is, Are the events V and M independent?
Answer:
(a). The probability that a student has either a Visa card or a MasterCard is<em> </em> . (b). The events V and M are not independent.
. (b). The events V and M are not independent.
Step-by-step explanation: 
The key factor to solve these questions is to know that:

We already know from the question the following probabilities:


The probability that a student has both cards is 0.03. It means that the events V AND M occur at the same time. So
 
 
The probability that a student has either a Visa card or a MasterCard
We can interpret this probability as  or the sum of both events; that is, the probability that one event occurs OR the other.
 or the sum of both events; that is, the probability that one event occurs OR the other.
Thus, having all this information, we can conclude that


 
 
Then, <em>the probability that a student has either a Visa card </em><em>or</em><em> a MasterCard is </em> .<em> </em>
.<em> </em>
Are the events V and M independent?
A way to solve this question is by using the concept of <em>conditional probabilities</em>.
In Probability, two events are <em>independent</em> when we conclude that 
 [1]
 [1]
The general formula for a <em>conditional probability</em> or the probability that event A given (or assuming) the event B is as follows:

If we use the previous formula to find conditional probabilities of event M given event V or vice-versa, we can conclude that



If M were independent from V (according to [1]), we have 
 
 
Which is different from we obtained previously;
That is, 

So, the events V and M are not independent.
We can conclude the same if we calculate the probability
 , as follows:
, as follows:



Which is different from
 
 
In the case that both events <em>were independent</em>.
Notice that  


