The document summarizes the analysis of an algorithm to find the maximum element in an array of size n. It describes the problem statement, design of an algorithm using pseudocode, and analysis of the running time and space complexity. The running time is analyzed for best, worst, and average cases. It is found to be linear (O(n)) in all cases, though the slope differs. The space required is also linear (O(n)) based on the array size. The correctness of the algorithm is established using a loop invariant.