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Nov 4, 2017 at 17:23 vote accept amarsh
Oct 23, 2017 at 21:37 comment added whuber The inverse variance is a formal, technical use of "precision" that, although related to other senses of precision, is meaningful in a slightly different context. I believe that most people who measure quantities think of precision either as a typical size of an (otherwise unbiased) error or as a typical size of an error relative to a typical value.
Oct 23, 2017 at 21:33 history edited AdamO CC BY-SA 3.0
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Oct 23, 2017 at 21:27 history answered AdamO CC BY-SA 3.0