Economics of Sports Projects Assignment Example | Topics and Well Written Essays - 500 words

Economics of Sports Projects - Assignment Example streak since probability if making a hit after three misses is 83.3% which is higher than the probability of making a hit after three hits with a probability of 50%. The calculated correlation coefficient is negative. This therefore does not show evidence of the hot hand. Given a player has made one or two hits; their opponents will usually try to improve their defensive mechanism on the particular player and therefore take away the players successive shooting streaks. Defensive strategies can be the probable cause for the negative correlation between successive hits. The evidence suggests existence of hot hand. The Z statistic reported above test the significance of the variation between the expected and the observed number of runs. There is always a significant difference between the expected value and observed value for individual players. Run tests performed on each player within individual games reveal compelling results. Considering the 76ers and their opponents, data obtained of 727 basketball players show game records of more than two runs. When the observed number of runs and expected number of runs are compared there is no sufficient evidence to provide any basis for rejecting the hot hand hypothesis. Clearly 13.55% calculated is less than 13.6% tabulated therefore we accept the null