Raman Pathan
eBook, ePUB

Statistical and Quantitative Methods (eBook, ePUB)

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In statistics, the sample maximum and sample minimum, also called the largest observation, and smallest observation, are the values of the greatest and least elements of a sample. They are basic summary statistics, used in descriptive statistics such as the five-number summary and seven-number summary and the associated box plot. The minimum and the maximum value are the first and last order statistics, often denoted X(1) and X(n), respectively, for a sample size of n., easily obtained by sorting in the order of increasing value. If there are outliers, they necessarily include the sample maxim...

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