vault backup: 2023-12-12 14:28:14
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@ -8,12 +8,16 @@ Chance errors *change from measurement to measurement but average out over time*
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- Chance error is how much an individual measurement varies from the exact value. It can be positive or negative.
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- The standard deviation of repeated measurements gives us the expected size of a chance error
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```
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individual measurement = exact value + chance error
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```
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$$ IndividualMeasurement = ExactValue + ChanceError $$
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# Outliers
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Histograms of repeated measurements tend to follow the normal curve.
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According to the empirical rule, 99.7% of such measurements should be within 3σ of the exact value.
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$$ $
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# Terminology
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| Term | Definition |
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| -- | -- |
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| Best Guess | Average/Mean |
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| Off by how much | standard deviation |
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| Off by how much/Give or take | standard deviation |
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