In this lesson, we are going to talk about order statistics. The idea here is that we have N independent random variables with identical distributions. We will see some formulas for this. These formulas actually take a bit of work to derive. You are not going to see the whole derivation here but the distribution, it turns out that the simpler ones are for the maximum values. We are going to learn them first, and we'll do the minimum ones later because they are more complicated. The example problems we'll go through involve distribution and density functions, and mean and variance.
Lecture Slides are screen-captured images of important points in the lecture. Students can download and print out these lecture slide images to do practice problems as well as take notes while watching the lecture.