Calculate order statistics of a sample.
Free CAS MAS-I (Modern Actuarial Statistics I) lesson in Statistics. 10 min read, ~1,465 words.
Order statistics are the sorted sample; is the minimum, the maximum. CDF method:; minima and maxima get one-line shortcuts. Density:. Uniform(0,1): with mean; use the probability-integral transform to extend to any continuous. Sample quantile: estimates the -th quantile with (Weibull plotting position).
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What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
- Key Takeaways
- Exam Shortcuts
Learning objectives
- B7
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