Need stats help

#1
Have a general question. If you have 3 items and there is a 22% chance each item is valuable. What is the total % value considering all 3?
Thanks!
 

BGM

TS Contributor
#2
You need to specify the dependency structure of the items - i.e. their joint distribution.

If you assume them to be independent, then you should take a look at Binomial distribution.

Please also clarify what is total % value.