Rank in Statistics
Definition
In statistics, the rank is commonly used as a function to indicate the order of data when sorted in ascending order.
Explanation
In statistics, the method of placing parentheses in the subscript of data is used when the order of data is required. The rank introduced in the definition can be expressed as a function of a random variable as follows, even if the data is not fixed. This means that the random variable is the th smallest in the entire sample.