JEE Advance - Mathematics (1999 - No. 8)

Eight players $${P_1},{P_2},.....{P_8}$$ play a knock-out tournament. It is known that whenever the players $${P_i}$$ and $${P_j}$$ play, the player $${P_i}$$ will win if $$i < j.$$ Assuming that the players are paired at random in each round, what is the probability that the player $${P_4}$$ reaches the final?