Minimum means the least you can do of something. For example, if the minimum amount of dollars you must pay for something is seven, then you cannot pay six dollars or less (you must pay at least seven). You can do more than the minimum, but no less. Maximum means the most you can have of something.

What is between minimum and maximum?

In statistics, if we have a set of observations expressed in numbers (for example, lengths of trees in meters, weights of animals in kilograms and so on), then the difference between maximum and minimum is called range.

What is the minimum maximum value?

Parabolas that open up or open down have what is referred to as minimum and maximum value. The maximum value of a parabola is the y-coordinate of the vertex of a parabola that opens down. The minimum value of a parabola is the y-coordinate of the vertex of a parabola that opens up.