Property of the characteristic function for events

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We got to show the following equality:

$1_{A_1 \cup...\cup A_n} = 1 - \prod \limits_{i=1}^n (1 - 1_{A_i})$

First I would like to ask for hints for how to proove this equation (no solution though, I would like to solve it myself). Secondly I was wondering if there is an "intuitive" interpretation of this equality?

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Yes. De Morgan's law for Boolean algebras:

$A\cup B=(A^c\cap B^c)^c$

where $X^c$ denotes the complement set. That's the hint.