$16$ players $P_1,P_2,...,P_{16}$ play in a knockout tournament. Assuming that players are paired at random in each round. If all players are of equal strength then find the probability that $P_1$ reaches the final under the condition that $P_2$ reaches the semi final but not in final.
My Attempt $P_1$ and $P_2$ both reach the semifinal so they are two among four persons who reached semi-final whose probability is $$\frac{\binom{14}{2}}{\binom{16}{4}}$$. Now in finals $P_1$ must be there but $P_2$ should not reach finals so $P_1$ is among the two persons reaching the final and there is another player(other than $P_2$) who reaches the final whose probability is $$\frac{\binom{2}{1}}{\binom{4}{2}}$$.
So the required probability =$$\frac{\binom{14}{2}}{\binom{16}{4}}\times \frac{\binom{2}{1}}{\binom{4}{2}}=\frac{1}{60}$$
Is my answer correct
THIS ANSWERS THE QUESTION IN THE OP'S QUESTION STATEMENT
(NOT THE QUESTION IN THE TITLE - for which the answer is obviously $\frac{1}{3}$)
Assume that $P_2$ is a losing semi-finalist. Then there are 15 people who are equally likely to be finalists.
The conditional probability that $P_1$ is a finalist is therefore $\frac{2}{15}$.
NOTE
It is irrelevant what $P_2$ does providing they are not a finalist.