Answer:
0.9219 or 92.19%
Step-by-step explanation:
The probability that the device will not fail in one year is given by the joint probability that none of the three components will fail within the year. The individual probabilities of not failing are:
[tex]P(A) = 1-0.01 = 0.99\\P(B) = 1-0.03 = 0.97\\P(C) = 1-0.04 = 0.96[/tex]
The joint probability is:
[tex]P(A \cap B\cap C) =0.99*0.97*9.96\\P(A \cap B\cap C) =0.9219 = 92.19\%[/tex]
There is a 0.9219 or 92.19% probability that the device will not fail in one year.