Answer:
![0.950796](https://img.qammunity.org/2020/formulas/mathematics/college/w6gr3kx7vmleyxp3ajz7zqxsmjffwlwt0g.png)
Explanation:
Given that a shuttle launch depends on three key devices that may fail independently of each other with probabilities 0.01, 0.02, and 0.02, respectively.
Required probability = the probability for the shuttle to be launched on time
= Probability that all three do not fail
Since each key device is independent of the other
we have
prob that all three do not fail =
![(1-0.01)(1-0.02)(1-0.02)\\=0.99*0.98*0.98\\=0.950796](https://img.qammunity.org/2020/formulas/mathematics/college/grt6figaq08eqrylasfpkgrgm9act787k1.png)