Probability that team will win the series


Your favorite team is in the final playoffs. You have assigned a probability of 60% that they will win the championship. Past records indicate that when teams win the championship, they win the first game of the series 70% of the time. When they lose the series, they win the first game 25% of the time. The first game is over; your team has lost. What is the probability that they will win the series?

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Basic Statistics: Probability that team will win the series
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