Lesson plan

Precision (statistics)

In statistics, the precision matrix or concentration matrix is the matrix inverse of the covariance matrix or dispersion matrix, P = \Sigma^{-1} . For univariate distributions, the precision matrix degenerates into a scalar precision, defined as the reciprocal of the variance, p = \frac{1}{\sigma^2} . Other summary statistics of statistical dispersion also called precision (or imprecision ) include the reciprocal of the standard deviation, p = \frac{1}{\sigma} ; the standard deviation itself and the relative standard deviation; as well as the standard error and the confidence interval (or its half-width, the margin of error).

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Article summary

In statistics, the precision matrix or concentration matrix is the matrix inverse of the covariance matrix or dispersion matrix, P = \Sigma^{-1} . For univariate distributions, the precision matrix degenerates into a scalar precision, defined as the reciprocal of the variance, p = \frac{1}{\sigma^2} . Other summary statistics of statistical dispersion also called precision (or imprecision ) include the reciprocal of the standard deviation, p = \frac{1}{\sigma} ; the standard deviation itself and the relative standard deviation; as well as the standard error and the confidence interval (or its half-width, the margin of error).

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Discussion questions

  1. Summarise the article in your own words. Which single claim would you verify first, and why?
  2. Which claim in this article is most likely to be revised as the sources update? How would you check its current status?
  3. If two sources disagreed about one of these facts, what would you need in order to trust one over the other?

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Key claims and bibliography are generated from the same tracked claims and sources as the article page.