The values of n and m that maximize C(n, m) depend on the interpretation of C(n, m). If C(n, m) refers to the binomial coefficient, there is no largest value as increasing n indefinitely yields larger coefficients. For a fixed n, the maximum value of C(n, m) occurs at m equal to n/2 when n is even, or at m equal to (n-1)/2 and (n+1)/2 when n is odd. Observing Pascal's triangle reveals the pattern for determining the optimal m for a given n. Understanding these relationships is crucial for maximizing the binomial coefficient.