What is Order Statistics?
The ith order statistics is defined as the value that comes in the ith position of the N element sequence when the sequence is sorted in increasing order.
In simple terms, the order statistics is the ith smallest element in the given array. Below are a few examples to understand the order statistics:
- Minimum = Order statistics 1
- 2nd minimum = Order statistics 2
- Median = Order statistics floor((N+1)/2)
- 2nd Maximum = Order Statistics N-1
- Maximum = Order statistics N