Just so you know I have a BME and am two semesters away from a BA in Mathematics and then plan to get my MA in Applied Mathematics. I've taken a stats class or four in my life.
This was a historical look at expectations and not a future look per se. My guess is the NBA won't be around for a million years for every possible outcome to come to fruition. So why not look back and see what outcomes have occurred and take a look at those results to see what might transpire if recent results are any indication. It gives a great window to look through for expectations.
The past is irrelevant for expectations. We know exactly what to expect with the math. The small sample size of all the lotteries doesn't change that.
I understand that sometimes it is nice to put the lottery in terms that are understandable for the less mathematically competent, but mentioning things like the mean record position of lottery winners is incredibly misleading to those same people. They might end up confusing the mean with the mode and thinking that 4th worst record is better.
Regarding another post, the draft is not as "random" as some are making it out to be. There are guys like Duncan and Lebron who were no brainers. Guys that generate the tank buzz are usually clear perennial all-star talent. Oden was the same, but injuries stopped him. When he plays, he is clearly a difference maker. Guys like Irving or Bargnani didn't tempt anyone to tank, even though Irving has become an amazing pro. You can't just crunch numbers when there are actual players involved. Tanking last season obviously would have been pointless since the players coming out were quite underwhelming.
Some people keep talking about analyzing players taken top 5 or so. That is all irrelevant when you have a guy of a certain caliber in a draft, like Duncan or Lebron, or, many would say, Wiggins. I admit, I know little about Wiggins because I don't follow high school basketball.
One this is sure, the worse your record is, the more players you get to choose from when you pick.