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If you want to know more about this subject there are several good undergraduate level paperback texts available. A few good ones, listed in rough order of difficulty, are
N. C. Barford, Experimental Measurements: Precision, Error, and Truth, Addison Wesley, Reading, Mass., 1967.
John R. Taylor, An Introduction to Error Analysis, University Science Books, Mill Valley, Calif., 1982.
Philip R. Bevington and D. Keith Robinson, Data Reduction and Error Analysis For the Physical Sciences, McGraw-Hill, New York, second edition, 1992.
E. M. Pugh and George H. Winslow, The Analysis of Physical Measurements, Addison Wesley, Reading, Mass., 1966.
Chapter 3 -- Familiarization with Position, Velocity, and Acceleration Measurement