Hi everybody,
I'm quite new in this kind of studies, my question is the following. I have a certain sample data set characterized by mean, standard deviation, standard deviation of the mean and confidence interval for the mean of the population. Then, I have a certain value coming from FEM analysis and I want to compare in order to understand "how much is good" the numerical result.
Which is from your POV the best way to do it? I don't believe that the comparison with the population mean is a good solution: my reason is the following. Suppose I have two independent data set coming from a normal population, and I am interested in the difference between the two means. From t distribution I have an interval estimate of the means difference, and of course standard deviation and standard error of the mean. Now if I compare FEM result with the mean of the first group, then FEM result with the mean of the second group I get relative errors below 5%, let's say. But if I compare the differences from FEM with the difference from statistical analysis I have a much higher error, let's say 50%.
Then do I have to simply say that my numerical values are within x+/-standard deviation? Or that they are within the confidence interval for the mean (or the difference between the two means)?