Distribution of the Maximum and Minimum of a Random Number of Bounded Random Variables

Abstract: We study a new family of random variables, that each arise as the distribution of the maximum or minimum of a random number

N

of i.i.d.~random variables

X_{1}, X_{2}, l d o t s, X_{N}

, each distributed as a variable

X

with support on

[0, 1]

. The general scheme is first outlined, and several special cases are studied in detail. Wherever appropriate, we find estimates of the parameter

h e t a

in the one-parameter family in question.

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