Step 1 :The probability that the student's alarm clock will not work on the morning of an important final exam is the same as the daily failure rate, which is 17.1\%. We need to convert this percentage to a decimal for the final answer.
Step 2 :failure_rate_percent = 17.1
Step 3 :failure_rate_decimal = 0.171
Step 4 :Final Answer: The probability that the student's alarm clock will not work on the morning of an important final exam is \(\boxed{0.171}\).