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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.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92602822

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