(A) — Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
Since $P(E) \leq 1$, we need $0.2p \leq 1$, giving $p \leq 5$. This follows directly from the complement rule $P(\bar{E}) = 1 - P(E)$, which ensures $0 \leq P(E) \leq 1$.
The assertion is verified: $0.2p \leq 1 \Rightarrow p \leq 5$, so $p$ cannot exceed 5. The reason (complement rule) is the fundamental property that bounds all probabilities between 0 and 1, which is exactly why the assertion holds — making R the correct explanation of A. Choose option (A).