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In the scientific instrument industry, measuring devices are tested and evaluated using various criteria. One test is for accuracy how precisely does the instrument monitor changes in the variables it is designed to measure Another test is for repeatability will the instrument or several different copies of the same instrument consistently give an accurate reading when essentially similar conditions are duplicated time and again A third test is for efficiency does the instrument carry out the measurement rapidly and economically, taking full advantage of innovations in technology
Journal of Valuation – Emerald Publishing
Published: Apr 1, 1983
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