CREATE TABLE table_7242 ("Conference" TEXT, "# of Bids" FLOAT, "Record" TEXT, "Win %" TEXT, "Round of 32" TEXT, "Sweet Sixteen" TEXT, "Elite Eight" TEXT, "Final Four" TEXT, "Championship Game" TEXT)

What Elite Eight had a Sweet Sixteen of 1 and a win % of .875?
SELECT "Elite Eight" FROM table_7242 WHERE "Sweet Sixteen" = '1' AND "Win %" = '.875'
SELECT "Elite Eight" FROM "table_7242" WHERE "Sweet Sixteen" = '1' AND "Win %" = '.875'