Statistics: Uncertainty vs Variability

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What is the main cause of epistemic uncertainties?

Incomplete understanding of reality

Why must assumptions be made for the simplicity of understanding some physical phenomena?

To capture what is actually happening in reality

What is an example of occurrence of epistemic uncertainty mentioned in the text?

Determination of beam deflections

What is the main difference between uncertainty and variability?

Uncertainty is derived from theoretical information, while variability is derived from data extracted from observations.

What are the sources of uncertainty classified into?

Aleatory uncertainty and epistemic uncertainty

When does variability occur?

When the quantity is measured at multiple instances and there are considerable differences between the measurement trials

What does aleatory uncertainty arise from?

Natural randomness

Explore the distinction between uncertainty and variability in statistics. Understand how uncertainty relates to the unknown true value of a quantity at a single instance, while variability pertains to differences in measured quantities across multiple instances.

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