The max is below t only if everyone is
Sort i.i.d. draws from smallest to largest and write them . These are the order statistics. is the minimum, is the maximum, and for odd the middle one is the sample median.
The maximum is the easy one. The largest draw is at most exactly when every draw is at most , and independence lets you multiply:
The minimum goes through its upper tail. The smallest draw is above exactly when every draw is:
Roll three fair dice and take the highest face. , so , and the tail-sum formula from the lesson on Infinite Expectations gives
The expected minimum is , because turns each die upside down and swaps the max with the min.
For exponentials the minimum formula gives a clean answer. If are independent, then , so the minimum is exponential with the rates added. Five servers each fail after an exponential time with mean 10 hours (rate 0.1). The first failure is Exponential(0.5), so it comes after 2 hours on average.