Five high school students, all from different stereotypes (brainiac, athlete, basket case, princess, and criminal) report to detention on a Saturday. The narrator indicates that these stereotypes don't truly reflect who the students are and are merely "convenient definitions" of them.
Peter walks Billy through his statistical analysis of players. He states that they can assemble a championship team within their budget because many exceptional players are overlooked for subjective reasons. Peter cuts through the subjectivity using data, allowing him to find undervalued players.