LeBron James of the Miami Heat hit 765 of his 1354 field goal attempts in the 20122013 season for a shooting percentage of 56.5%. Over the lifetime of LeBron’s career, can we say he is more likely than not to make a fi eld goal?
a. Describe the parameter of interest.
b. Is 56.5% a parameter or a statistic?
c. What value would the chance model assign to the parameter from (a)?
d. Describe how you would use coin flipping to simulate the 20122013 season under the assumption of the chance model.
e. What would be a typical value from a repetition of 1,354 coin flips? Justify your answer.