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There is in math a set known as a minimax, and the corresponding set called maximin. And also maximax and minimin.
Of the set of values momentarily peaking (of a varying signal or data set), the minimax is the lowest of that set of maximum.
Similarly the maximin is the highest value of the set of minima signals.
The set of values lying between these represent the smallest variations from the mean.
Maximax and minimin represent the extreme values of the whole data set.
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