Order Statistics

Order statistics are values obtained by arranging a dataset from smallest to largest. For example, if you have test scores, the smallest is the lowest score, and the largest is the highest. The median (middle value) and quartiles (dividing into four parts) are specific order statistics. They help us understand the distribution of data, identify outliers, and summarize key points. Essentially, order statistics are a way to analyze data based on its sorted position, providing insights into the range, typical values, and variations within a dataset.