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The order statistics of a sample are the values placed in ascending order. The i-th order statistic of a statistical sample is equal to its i-th smallest value; so the sample minimum is the first order statistic & the sample maximum is the last. Sometimes 'order statistic' is used to mean the whole set of order statistics, i.e. the data values disregarding the sequence in which they occurred. Use also for related quantities such as spacings.

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What is the expected MINIMUM value drawn from a uniform distribution between 0 and 1 after n...

Assume you draw a uniformly distributed random number between 0 and 1 n times. How would one go about calculating the expected minimum number drawn after n trials? In addition, how would one go ab …
Bryce Thomas's user avatar