Aye, a mirrored stripe. Does that mean 4 drives, or is there a more efficient way of doing things?
If you're asking from academic interest, you'd need to consider whether striping across disks increases or decreases the likelihood of failure due to different read/write behaviour. (I don't know what the contributing factors to a disk failing are - i.e. is it purely random, actively increased by use, etc.) That formula doesn't include any such parameters; it may well be an approximation of something that does. I don't see on the linked Wikipedia page where the poster apparently sourced it from, so it's currently just a way to produce a number slightly less than directly multiplying the failure rate by number of drives.