The formula to calculate the Implied Precision (IP) is:
\[ IP = \frac{LSF}{2} \]
Where:
Implied precision refers to the inherent uncertainty or precision of a measurement based on the least significant figure (LSF) of the measuring device. It provides an estimate of the range within which the true value lies. The implied precision is calculated by dividing the value of the least significant figure by 2.
Let's assume the following value:
Using the formula to calculate the Implied Precision (IP):
\[ IP = \frac{LSF}{2} = \frac{0.05}{2} = 0.025 \]
The Implied Precision (IP) is ±0.025.