Green Cove Springs is a city in Clay County, Florida, United States. The population was 5,378 at the 2000 census. As of 2010, the population recorded by the U.S. Census Bureau is 6,908. It is the county seat of Clay County. The city is named after the portion of the St. Johns River upon which the city is built.
As n becomes very small, `(1+n)^(1/n)` approaches the value of e. We can obtain reasonable accuracy with a very small value of n. `e~~[(1+n)^(1/n)]_(n=0.000000001)=2.718281827`. The graph of `y=(1+n)^(1/n)` is as follows: e = 2.71828... Graph of `(1+n)^(1/n)`.
The standard value is the value for which you want to calculate the exceedance probability. Take the rank of this standard value and plug it into the formula. For example, if you wanted to use the fifth largest value as the standard value in the calculation, you would plug the number 5 into the formula.