Definition of Accuracy, Precision, Accepted Value, Estimated Value, True Value, Percent Error, Significant Figure



Definition of Accuracy, Precision, Accepted Value, Estimated Value, True Value, Percent Error, Significant Figure



ACCURACY
In the fields of science, engineering, industry, and statistics, the accuracy of a measurement system is the degree of closeness of measurements of a quantity to that quantity's actual (true) value.


PRECISION
The precision of a measurement system, also called reproducibility or repeatability, is the degree to which repeated measurements under unchanged conditions show the same results. Although the two words precision and accuracy can be synonymous in colloquial use, they are deliberately contrasted in the context of the scientific method.


ACCEPTED VALUE
In science, and most specifically chemistry, the accepted value denotes a value of a substance accepted by almost all scientists and the experimental value denotes the value of a substance's properties found in a localized lab.

ESTIMATED VALUE
In probability theory, the expected value (or expectation, mathematical expectation, EV, mean, or first moment) refers, intuitively, to the value of a random variable one would "expect" to find if one could repeat the random variable process an infinite number of times and take the average of the values obtained.

TRUE VALUE
A measurement value with no errors. The true value can never be known with total certainty.


PERCENT ERROR
The percent error is a special case of the percentage form of relative change calculated from the absolute change between the experimental (measured) and theoretical (accepted) values, and dividing by the theoretical (accepted) value.

SIGNIFICANT FIGURE
The significant figures of a number are those digits that carry meaning contributing to its precision. This includes all digits except:
·         Certain leading and trailing zeros which are merely placeholders to indicate the scale of the number. (Exact rules are explained in the section "Identifying significant figures".)
·         Spurious digits introduced, for example, by calculations carried out to greater precision than that of the original data, or measurements reported to a greater precision than the equipment supports.
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