We will use binomial probability for this.
Since we have 5 fail-safe components, the has 6 terms, 0 to 5.
We want only the term for 3, 4 and 5 fails.
The term for 3 fails and 2 successes is:
The term for 4 fails and 1 success is:
The term for 5 fails and no success is:
The sum is: