The Distribution and Frequency of Record Values

Abstract

Thelower record values of a semi-infinite time series derived by random simple sampling from a fixed universe are defined to be those members which are less than all previous members. The probability distribution of therthlower record value,Xr, is obtained and its probability points forr= 2, 3, …, 9, for normal and rectangular universes are tabulated. The probability distribution of the serial number,ur, ofXrin the original seriesxuis found and also the probability distribution of the difference of the serial numbers ofXr -1, andXr.These serial numbers,ur, are interesting in that they do not leave finite means. Further, they are independent of the parent universe, providing it has finite or zero probability density at all points.