Final answer:
To find the probability that all 3 projects fail, we need to find the complement of the probability that all 3 projects succeed. The probability that all 3 projects fail is 0.88.
Step-by-step explanation:
To find the probability that all 3 projects fail, we need to find the complement of the probability that all 3 projects succeed. The complement of an event is equal to 1 minus the probability of the event. Therefore, the probability that all 3 projects fail is 1 minus the product of the probabilities of the three projects succeeding:
P(All 3 projects fail) = 1 - (P(Project A succeeds) x P(Project B succeeds) x P(Project C succeeds))
Plugging in the given probabilities, we get:
P(All 3 projects fail) = 1 - (0.6 x 0.25 x 0.8) = 1 - 0.12 = 0.88