Posted by Anonymous on Friday, February 15, 2013 at 6:41am.
I am not familiar with your notation of ⌊1000p⌋
but I would do it this way:
after a W prob(W) = 7/10 , prob(L) = 3/10
after a L, Prob(W) = 3/10, prob(L) = 7/10
To have a 4-game series in a best of 5 setup, the winning team could win in these ways
LWWW --- (1/2)(3/10)(7/10)(7/10) = 147/2000
WLWW --- (1/2)(3/10)(3/10)(7/10) = 63/2000
WWLW --- (1/2)(7/10)(3/10)(3/10) = 63/2000
Prob = (147+63+63)/2000 = 273/2000
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