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We can only approximate true value with greater accuracy and precision.

Measurement is the basis of scientific study. All measurements are, however, approximate values (not true values) within the limitation of measuring device, measuring environment, process of measurement and human error. We seek to minimize uncertainty and hence error to the extent possible.

Further, there is important aspect of reporting measurement. It should be consistent, systematic and revealing in the context of accuracy and precision. We must understand that an error in basic quantities propagate through mathematical formula leading to compounding of errors and misrepresentation of quantities.

Errors are broadly classified in two categories :

  • Systematic error
  • Random error

A systematic error impacts “accuracy” of the measurement. Accuracy means how close is the measurement with respect to “true” value. A “true” value of a quantity is a measurement, when errors on all accounts are minimized. We should distinguish “accuracy” of measurement with “precision” of measurement, which is related to the ability of an instrument to measure values with greater details (divisions).

The measurement of a weight on a scale with marking in kg is 79 kg, whereas measurement of the same weight on a different scale having further divisions in hectogram is 79.3 kg. The later weighing scale is more precise. The precision of measurement of an instrument, therefore, is a function of the ability of an instrument to read smaller divisions of a quantity.

In the nutshell,

  • True value of a quantity is an “unknown”. We can not know the true value of a quantity, even if we have measured it by chance as we do not know the exact value of error in measurement. We can only approximate true value with greater accuracy and precision.
  • An accepted “true” measurement of a quantity is a measurement, when errors on all accounts are minimized.
  • “Accuracy” means how close is the measurement with respect to “true” measurement. It is associated with systematic error.
  • “Precision” of measurement is related to the ability of an instrument to measure values in greater details. It is associated with random error.

Systematic error

A systematic error results due to faulty measurement practices. The error of this category is characterized by deviation in one direction from the true value. What it means that the error is introduced, which is either less than or greater than the true value. Systematic error impacts the accuracy of measurement – not the precision of the measurement.

Systematic error results from :

  • faulty instrument
  • faulty measuring process and
  • personal bias

Clearly, this type of error can not be minimized or reduced by repeated measurements. A faulty machine, for example, will not improve accuracy of measurement by repeating measurements.

Instrument error

A zero error, for example, is an instrument error, which is introduced in the measurement consistently in one direction. A zero error results when the zero mark of the scale does not match with pointer. We can realize this with the weighing instrument we use at our home. Often, the pointer is off the zero mark of the scale. Moreover, the scale may in itself be not uniformly marked or may not be properly calibrated. In vernier calipers, the nine divisions of main scale should be exactly equal to ten divisions of vernier scale. In a nutshell, we can say that the instrument error occurs due to faulty design of the instrument. We can minimize this error by replacing the instrument or by making a change in the design of the instrument.

Questions & Answers

What are the factors that affect demand for a commodity
Florence Reply
differentiate between demand and supply giving examples
Lambiv Reply
differentiated between demand and supply using examples
Lambiv
what is labour ?
Lambiv
how will I do?
Venny Reply
how is the graph works?I don't fully understand
Rezat Reply
information
Eliyee
devaluation
Eliyee
t
WARKISA
hi guys good evening to all
Lambiv
multiple choice question
Aster Reply
appreciation
Eliyee
explain perfect market
Lindiwe Reply
In economics, a perfect market refers to a theoretical construct where all participants have perfect information, goods are homogenous, there are no barriers to entry or exit, and prices are determined solely by supply and demand. It's an idealized model used for analysis,
Ezea
What is ceteris paribus?
Shukri Reply
other things being equal
AI-Robot
When MP₁ becomes negative, TP start to decline. Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 • Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of lab
Kelo
Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 • Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of labour (APL) and marginal product of labour (MPL)
Kelo
yes,thank you
Shukri
Can I ask you other question?
Shukri
what is monopoly mean?
Habtamu Reply
What is different between quantity demand and demand?
Shukri Reply
Quantity demanded refers to the specific amount of a good or service that consumers are willing and able to purchase at a give price and within a specific time period. Demand, on the other hand, is a broader concept that encompasses the entire relationship between price and quantity demanded
Ezea
ok
Shukri
how do you save a country economic situation when it's falling apart
Lilia Reply
what is the difference between economic growth and development
Fiker Reply
Economic growth as an increase in the production and consumption of goods and services within an economy.but Economic development as a broader concept that encompasses not only economic growth but also social & human well being.
Shukri
production function means
Jabir
What do you think is more important to focus on when considering inequality ?
Abdisa Reply
any question about economics?
Awais Reply
sir...I just want to ask one question... Define the term contract curve? if you are free please help me to find this answer 🙏
Asui
it is a curve that we get after connecting the pareto optimal combinations of two consumers after their mutually beneficial trade offs
Awais
thank you so much 👍 sir
Asui
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities, where neither p
Cornelius
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities,
Cornelius
Suppose a consumer consuming two commodities X and Y has The following utility function u=X0.4 Y0.6. If the price of the X and Y are 2 and 3 respectively and income Constraint is birr 50. A,Calculate quantities of x and y which maximize utility. B,Calculate value of Lagrange multiplier. C,Calculate quantities of X and Y consumed with a given price. D,alculate optimum level of output .
Feyisa Reply
Answer
Feyisa
c
Jabir
the market for lemon has 10 potential consumers, each having an individual demand curve p=101-10Qi, where p is price in dollar's per cup and Qi is the number of cups demanded per week by the i th consumer.Find the market demand curve using algebra. Draw an individual demand curve and the market dema
Gsbwnw Reply
suppose the production function is given by ( L, K)=L¼K¾.assuming capital is fixed find APL and MPL. consider the following short run production function:Q=6L²-0.4L³ a) find the value of L that maximizes output b)find the value of L that maximizes marginal product
Abdureman
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Source:  OpenStax, Physics for k-12. OpenStax CNX. Sep 07, 2009 Download for free at http://cnx.org/content/col10322/1.175
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