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Question: a system consists of three identical components in order for...

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A system consists of three identical components. In order for the system to perform as intended, all of the components must perform. Each has the same probability of performance. If the system is to have a .92 probability of performing, what is the minimum probability of performing needed by each of the individual components? Round your answer to three decimal places.

Please walk me through this problem on excel.

Thank you

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