it is the greatest #(or number)in the set of data
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It usually is, as in maximum speed or maximum occupancy. But it can be a noun, meaning a maximum value or number, as in math or astronomy (the solar maximum).
The range of a function is the set of values that the function can take. In the context of probability and statistics, it is the difference between the maximum value and the minimum value that a variable can take.
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math term value
Arrange the values in your data set in increasing order. The last value is the maximum value. Example: Data set : 3,5,2,4,6 Arranged values : 2,3,4,5,6 Maximum value is 6.