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Quantifying Uncertainty in the Ratio of Two Measured Variables: A Recap and Example
David M Shackleford1, Kris M Jamsen2
1Centre for Drug Candidate Optimisation, Faculty of Pharmacy and Pharmaceutical Sciences, Monash University, Parkville, Victoria, Australia.
Abstract:
Estimating uncertainty in the ratio of 2 measured variables can be achieved via 2 seemingly different approaches: by determining the variance of the first-order Taylor approximation to the ratio, or by the so-called "Propagation of Error" approach. This Lesson Learned shows that the 2 approaches are mathematically equivalent, and provides an example of the approach.
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