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One possibility is how much someone is prepared to pay for it.

Or According to http://kristoz.com/thoughts/the-value-of-information the value of information is proportional to demand versus availability.

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9y ago

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Related Questions

What if actual value - measured value is negative?

Then the measured value is larger than the actual value.


Definition of guarantee error in instrumentation?

Deviation of the measured value from the true value of the variable being measured


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Given a true value and the measured value,the error is measured value - true value;the relative error is (measured value - true value)/true value, andthe percentage error is 100*relative error.


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(coded value - measured value) /coded value x 100


How close a measured value is to an accepted value is called a?

accuracy


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Angles are usually measured in degrees. They can also be measured in radians.


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%error = (Actual value- Measured value) / actual value *100


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It is 100*(Measured Value - True Value)/True Value.


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This value is variable, for each type of measurement.


Refers to How closley a measured value agrees with the correct value?

Accuracy.