Suppose $60$% of all college professors like tennis, $65$% like bridge, and $50$% like chess; $45$% like any given pair of recreations:
a) Should you be suspicious if told that $20$% like all three recreations?
b) What is the smallest percentage who could like all three recreactions?
c) What is the largest percentage who could like all three recreactions?
My thinking so far is assuming there are $100$ professors for simplicity, and show what set information I have, which is:$$N = 100$$$$|T|=60$$$$|B|=65$$$$|C|=50$$$$|T\cap B+B\cap C+C\cap T|=45$$$$|T\cap \overline {(T\cap B)\cup (T\cap C)}+B\cap \overline {(B\cap C)\cup (B\cap T)}+C\cap \overline {(C\cap T)\cup (C\cap B)}-T\cup B \cup C|=55$$
But from here I don't know how to arrive at $|T\cap B\cap C|$. Any suggestions?
You misinterpreted the statement that $45\%$ like any given pair of recreations. With your assumption that there are $100$ professors, it means that $|T \cap B| = |T \cap C| = |B \cap C| = 45$.
By the Inclusion-Exclusion Principle, $$|T \cup B \cup C| = |T| + |B| + |C| - |T \cap B| - |T \cap C| - |B \cap C| + |T \cap B \cap C| \tag{1}$$ Notice that your assumption that there are $100$ professors means that $$|T \cup B \cup C| \leq 100 \tag{2}$$ Since $65\%$ of these hundred professors enjoy bridge, $|B| = 65$. Thus, $$|T \cup B \cup C| \geq 65 \tag{3}$$ Substituting $60$ for $|T|$, $65$ for $|B|$, $50$ for $|C|$, $45$ for $|T \cap B|$, $45$ for $|T \cap C|$, and $45$ for $|B \cap C|$ in equation 1 yields $$|T \cup B \cup C| = 60 + 65 + 50 - 45 - 45 - 45 + |T \cap B \cap C| = 40 + |T \cap B \cap C| \tag{4}$$ Comparing equation 4 with inequalities 2 and 3 imposes the constraints
Notice also that \begin{align*} T \cap B \cap C & \subseteq T \cap B\\ T \cap B \cap C & \subseteq T \cap C\\ T \cap B \cap C & \subseteq B \cap C \end{align*} Since $|T \cap B| = |T \cap C| = |B \cap C| = 45$, we have the additional constraint
By considering those constraints, you can answer the three questions you posed above.