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It is precision.
Precision
It is a scale model or view.
They may be used-with considerable caution-when the measurements in the various populations being compared were made in different units. Dividing the dispersion estimates by the location estimates eliminates eliminates the differences attributable to differences in measuring units. However, caution is advised because the measurement methods may have differed in the various populations, giving rise to differences in the dispersion estimates having nothing to do with dispersion in the populations. In other words, there could well be differing levels of measurement error across populations.
the equipment used to make accurate measurements of is a watch