If there is no restriction, the number of ways to organize letter of MISSISSIPPI is, $$ \frac{11!}{4!4!2!} $$
The restriction is,
all Ss come before any Is. So I group both letters, then there are total 4 letters. (PP,M, (Ss and Is)).
$$ \frac{4!}{2!}$$.
Is it the correct way?
No, it is not. The problem merely states that every $S$ appears before any $I$, not that the $S$s have to appear together or that the $I$s have to appear together.
There are eleven letters in $MISSISSIPPI$, so we have eleven positions to fill. We can place the $M$ in eleven ways, which leaves ten open positions. We choose two of them for the $P$s. Once we have done that, there is only one way to fill the remaining positions with the $S$s and $I$s since every $S$ must appear before the first $I$. Hence, there are $$\binom{11}{1}\binom{10}{2}$$ admissible arrangements.