Category:Definitions/Extreme Value Distributions

This category contains definitions related to Extreme Value Distributions.
Related results can be found in Category:Extreme Value Distributions.

An extreme value distribution is a probability distribution associated with the smallest and greatest values of order statistics in a sample.

Such a distribution is useful for:

assessing the risk of the occurrence of an unlikely event, for example:

floods exceeding a certain height

a ship colliding with a bridge

estimating an earliest likely failure time.