+An **extreme value** is the largest or smallest observation within a collection of [Data Points](/wiki/data_points). These points, often far from the [Mean](/wiki/mean), highlight the boundaries of a dataset or the occurrence of rare events, providing critical insights into system limits.
+## See also
+- [Probability](/wiki/probability)
+- [Statistical Distribution](/wiki/statistical_distribution)
+- [Tail Event](/wiki/tail_event)
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