1) Two NBA teams are to play a best of seven series in the Finals, i.e., when one team wins four games, it is declared champion and the series ends. If team A has a probability of 0.6 of winning any one game (i.e. team B has a probability of 0.4 of winning that game), represent this as a Markov Chain and form the transition matrix P.

1) Two NBA teams are to play a best of seven series in the Finals, i.e., when one team wins four games, it is declared champion and the series ends. If team A has a probability of 0.6 of winning any one game (i.e. team B has a probability of 0.4 of winning that game), represent this as a Markov Chain and form the transition matrix P.

 

Solution

https://d2vlcm61l7u1fs.cloudfront.net/media%2F3a9%2F3a9ee00b-4994-4680-894c-a0dab3ed7b49%2Fphp5hFBG9.png

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