Order statistic
In statistics, the kth order statistic of a statistical sample is equal to its kth-smallest value. Together with rank statistics, order statistics are among the most fundamental tools in non-parametric statistics and inference.
Important special cases of the order statistics are the minimum and maximum value of a sample, and (with some qualifications discussed below) the sample median and other sample quantiles.
When using probability theory to analyze order statistics of random samples from a continuous distribution, the cumulative distribution function is used to reduce the analysis to the case of order statistics of the uniform distribution.
For example, suppose that four numbers are observed or recorded, resulting in a sample of size 4. If the sample values are
they will usually be denoted
where the subscript i in indicates simply the order in which the observations were recorded and is usually assumed not to be significant. A case when the order is significant is when the observations are part of a time series.
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