I read through your link. I think the basic flaw was in my understanding the problem itself. Now, I changed my approach, writing the formulae, which I learnt in school. I am not quite sure whether the formulae I wrote are right; However, they are yielding to a right answer.
P(B)= Ben wins
P(B!)= Ben loses
P(M)= Mike Wins
P(M/B!) = Mike wins conditional on Bob losing = 1/4
P(R/B!) = Rob wins conditional on Bob losing = 1/3
P(M U R) = P(M) + P(R) - P(M ∩ R)
= P(M/B!)*P(B!) + P(R/B!)*P(B!) - 0
= 6/7*1/4 + 6/7*1/3 = 1/2
Are the approach and the formulae I wrote correct??
Now using the same approach as per my wording of the question,
Mike would be the winner with a probability of 1/4 , and Rob 1/3. If the probability of Ben being the winner is 1/7 , what is the probability that either Mike or Rob will win the championship, if Ben were to lose the championship?
P(M)= 1/4
P(R) = 1/3
P(B) = 1/7
P(M/B! U R/B!) = P(M)/P(B!)+ P(R)/P(B!) - 0
=(1/4)/6/7) + (1/3)/(6/7) = 7/6(7/12) = 49/72
MathPro,
What do you think about my approaches? Any flaw in them?