Minimum value
Definition
The minimum value is the smallest data point in a dataset.
Analogy
Think of the minimum value as the lowest score you can get on a test. It's like getting a zero, which is the smallest possible score.
Related terms
Maximum value: The maximum value is the largest data point in a dataset.
Range: The range is the difference between the maximum and minimum values in a dataset.
Outlier: An outlier is a data point that significantly differs from other values in a dataset.
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