Step 1: Identify distribution.
Each component either survives or fails.
So binomial distribution applies.
Step 2: Define parameters.
\[
n=4,\quad p=\frac{3}{4},\quad q=1-p=\frac{1}{4}
\]
Step 3: Probability of exactly 2 successes.
\[
P(X=2)=\binom{4}{2}p^2q^2
\]
Step 4: Substitute values.
\[
P(X=2)=6\left(\frac{3}{4}\right)^2\left(\frac{1}{4}\right)^2
\]
\[
=6\cdot \frac{9}{16}\cdot \frac{1}{16}
=\frac{54}{256}
=\frac{27}{128}
\]
Final Answer:
\[
\boxed{\frac{27}{128}}
\]