Answer to Part 1:
link'08-09 Division I Tempo="66.5" possessions per game.
Standard deviation was 3.30 posessions.
So, you can reasonably expect to often see anywhere from 60 to 73 possessions per game in real life.
Highest was VMI with 80.9 poss/game
Lowest was Denver with 57.4/game
(These are using Pomeroy's adjusted tempo...he has explanation on his site for how he adjusts. The raw is available on the site as well, but there's not much difference).
I looked at my data. I didn't need the records of teams I was recording, so I only have raw # of possessions, not possessions per game. Sorry about that.