Formula Result Exceeds Type Parameters

I have a basic schema using numbers; {lower, upper, qty}. I set the max and the min parameter for each and then used a formula to create the number for upper as lower * 3. It seems thought that a formula reference will exceed the max parameter. So if lower is 20 it will set upper to 60 even if the max for upper is set to 50.

My Schema for reference

@mockaroo I am not sure the intended behavior but thinks the formula reference result must be within the parameters set. That does not happen with my schema though.

See response to my question below.