What does rankit mean?
Rankit means The expected value of the nth largest value (for some n) in a standard normal distribution sample of a particular size, used in normality testing.
Rankit
Definition, Meaning & Examples
Part of speech noun
Quick meaning: Rankit is a noun meaning The expected value of the nth largest value (for some n) in a standard normal distribution sample of a particular size, used in normality testing.
Meaning
The expected value of the nth largest value (for some n) in a standard normal distribution sample of a particular size, used in normality testing.
Example Sentences
A special problem illustrated in this example is the case of ties, or variates of identical magnitude. In such a case we sum the rankit values for the corresponding ranks and find their mean.
For a sample size of 6, the rankits are approximately −1.2672, −0.6418, −0.2016, 0.2016, 0.6418, and 1.2672. This means, for example, that the second largest value of a sample is likely to be around 0.6148.
Word Forms
- rankits
Related Dictionary Tools
Frequently Asked Questions
How do you use rankit in a sentence?
A special problem illustrated in this example is the case of ties, or variates of identical magnitude. In such a case we sum the rankit values for the corresponding ranks and find their mean.
Sources & Attribution
FreeDictionaryAPI.com / Wiktionary · Original source · CC BY-SA 4.0
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