Home > Term: uncertainty
uncertainty
Result of the evaluation aimed at characterizing the range within which the true value of a quantity is estimated to lie, generally with a given likelihood. (ISO)
The uncertainty is the amount of possible inaccuracy. It is often a statistical estimate of this range, such as the half-width of a gaussian distribution. The quantity may have been measured or derived from an equation.
- Part of Speech: noun
- Industry/Domain: Oil & gas
- Category: Oilfield
- Company: Schlumberger
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Creator
- BSchmidt
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