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Explain the value of a possession as you would to a capable student, in 3-4 sentences.

A possession in basketball is an opportunity for your team to score, beginning when you gain control of the ball and ending when the other team gets it, you score, or there's a dead ball. The value of a possession depends on how efficiently you use it—essentially, how many points you're likely to score per possession (measured as points per possession or PPP). In modern basketball, a good possession typically yields around 1.0-1.1 points, which is why teams emphasize high-percentage shots, three-pointers, and free throws to maximize this value. Understanding possession value helps explain why turnovers and poor shot selection are so costly—they waste your limited opportunities to score.