Precision
(noun)
 the ability of a measurement to be reproduced consistently
Examples of Precision in the following topics:
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Chance Error- Random errors are due to the precision of the equipment , and systematic errors are due to how well the equipment was used or how well the experiment was controlled .
- A random error makes the measured value both smaller and larger than the true value; they are errors of precision.
- These are errors incurred as a result of making measurements on imperfect tools which can only have certain degree of precision.
- This target shows an example of low accuracy (points are not close to center target) but high precision (points are close together).
- This target shows an example of high accuracy (points are all close to center target) but low precision (points are not close together).
 
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Using simulation for goodness of fit tests- This distribution will be a very precise null distribution for the test statistic X2 if the probabilities are accurate, and we can find the upper tail of this null distribution, using a cutoff of the observed test statistic, to calculate the p-value.
- The precise null distribution for the juror example from Section 6.3 is shown as a histogram of simulated $X^2_{sim}$ statistics, and the theoretical chi-square distribution is also shown.
 
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Bias- Random errors are due to the precision of the equipment , and systematic errors are due to how well the equipment was used or how well the experiment was controlled .
- This target shows an example of high accuracy (points are all close to center target) but low precision (points are not close together).
- This target shows an example of low accuracy (points are not close to center target) but high precision (points are close together).
 
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Statistical Literacy- That definition is sort of correct, but it could be stated more precisely.
 
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Are Real Dice Fair?- Perhaps to mitigate concerns that the pips on the faces of certain styles of dice cause a small bias, casinos use precision dice with flush markings.
- Precision casino dice may have a polished or sand finish, making them transparent or translucent, respectively.
 
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Statistical significance versus practical significance- When the sample size becomes larger, point estimates become more precise and any real differences in the mean and null value become easier to detect and recognize.
 
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A sampling distribution for the mean- If a point estimate, such as $\bar{x}$, is associated with a normal model and standard error SE, then we use this more precise 95% confidence interval.
 
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Pooled standard deviation estimate (special topic)- In such cases, we can make our t distribution approach slightly more precise by using a pooled standard deviation.
 
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Introduction to testing for goodness of fit using chi-square- While the proportions in the juries do not precisely represent the population proportions, it is unclear whether these data provide convincing evidence that the sample is not representative.
 
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Creating a test statistic for one-way tables- The sample proportion represented from each race among the 275 jurors was not a precise match for any ethnic group.