Extreme(ly) mean(ingful): Sequential formation of a quality group
Extreme(ly) mean(ingful): Sequential formation of a quality group
The present paper studies the limiting behavior of the average score of a sequentially selected group of items or individuals, the underlying distribution of which, F, belongs to the Gumbel domain of attraction of extreme value distributions. This class contains the Normal, Lognormal, Gamma, Weibull and many other distributions. The …