Min And Max Uniform Extreme Interval Values And Statistics

Marsha Jance, Nick Thomopoulos
2011 Journal of Business & Economics Research  
<p class="MsoNormal" style="text-align: justify; line-height: normal; margin: 0in 0.5in 0pt;"><span style="font-family: &quot;Times New Roman&quot;,&quot;serif&quot;; font-size: 10pt;">The min and max uniform extreme interval values and statistics; ie expected value, standard deviation, mode, median, and coefficient of variation, are discussed.<span style="mso-spacerun: yes;">&nbsp;&nbsp; </span>An extreme interval value </span><span style="position: relative; line-height: 115%; font-family:
more » ... ot;Calibri&quot;,&quot;sans-serif&quot;; font-size: 11pt; top: 4pt; mso-fareast-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin; mso-bidi-font-family: 'Times New Roman'; mso-bidi-theme-font: minor-bidi; mso-text-raise: -4.0pt; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;"></span><span style="font-family: &quot;Times New Roman&quot;,&quot;serif&quot;; font-size: 10pt;">is defined as a numerical bound where a specified percentage &alpha; of the data is less than </span><span style="position: relative; line-height: 115%; font-family: &quot;Calibri&quot;,&quot;sans-serif&quot;; font-size: 11pt; top: 4pt; mso-fareast-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin; mso-bidi-font-family: 'Times New Roman'; mso-bidi-theme-font: minor-bidi; mso-text-raise: -4.0pt; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;"></span><span style="font-family: &quot;Times New Roman&quot;,&quot;serif&quot;; font-size: 10pt; mso-fareast-font-family: 'Times New Roman'; mso-fareast-theme-font: minor-fareast;">. A numerical example and an analysis of the min and max extreme interval values and statistics are provided.<span style="mso-spacerun: yes;">&nbsp; </span>In addition, a procedure for finding the min and max extreme interval values for different uniform parameter values, and an application of this research are presented.</span></p>
doi:10.19030/jber.v7i1.2248 fatcat:al7wypcsl5aapoq6vs6daexfhy