What does the lower bound mean in English?

The lower bound of a range is the minimum value of a variable that is used to describe the range. This value is obtained using a specific calculation. The lower bound is one of two possible values a variable can have when a particular condition is satisfied. If the variable does not have a lower bound, then the value of the variable is said to be infinite.

What does the lower bound mean in the context of science?

The lower bound of a data set is the smallest value that the data set contains. When you are analyzing the results of an experiment, for example, you might collect the temperature of every single drop of water that splashes into a bucket. The lower bound of this data set would be zero, as no water splashes into the bucket at all.

What is the meaning of the lower bound mean?

There are several examples of the English lower bound in a financial context. The lower bound for the Federal Reserve’s target interest rate is called the Fed funds rate. The lower bound for the interest rate that banks charge on savings accounts and other short-term loans is called the discount rate. The lower bound for the interest rate a lender will pay on a mortgage is called the loan-to-value ratio.

What is the lower bound mean in English?

When you say something is bounded by two values, the lower bound is the lesser value and the upper bound is the greater value. In other words, the lower bound is the smallest possible value that an unknown variable can take, while the upper bound is the greatest possible value. The lower and upper bounds are often represented by a hyphen (-) or by a caret (^).

What is the short story lower bound mean?

To find the lower bound of a group of options, look at the least favorable. In a short story, the lower bound refers to the least favorable outcome. This means that the lower bound is the one outcome that is least likely to occur. This lower bound usually has a lower probability of occurring than the other outcomes.