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When two competing teams are equally matched, the probability that each team wins any game is 0.5. The NBA championship goes to the team that wins four games in a
best-of-seven series. If the teams were equally matched, the probability that the final series ends with one of the teams sweeping four straight games would be 2(0.5)4 = 0.125. Further probability calculations indicate that 25% of these series should last five games, 31.25% should last six games, and the other 31.25% should last the full seven games. The table shows the number of games it took to decide each of the last 57 NBA champs. Do you think the teams are usually equally matched? Give statistical evidence to support yourconclusion.
Home Business
A business operated from the residence of the owner, leveraging the flexibility to manage personal and professional life.
§179 Expense Election
A provision of the U.S. tax code that allows businesses to deduct the full purchase price of qualifying assets financed or purchased during the tax year.
Business Automobile
A vehicle primarily used for business activities and purposes, which may qualify for tax deductions related to its use.
Rental Property
Real estate that is owned with the intention of earning income from renting it out to tenants rather than personal use.
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