Plausible values are values from the error distribution of the estimate. ... Plausible values are values selected at random from a normal distribution with its mean at the estimated measure and with standard deviation equal to the standard error. You can generate these with Excel or other statistical software.

What is statistical plausibility?

A plausibility measure is an approach to measuring uncertainty—an element in partially ordered space. The term does have surprisingly little structure, as just about every approach to calculating statistical uncertainty can be called a plausibility measure (Friedman & Halpern, 2013).

What does mean by plausible?

1 : superficially fair, reasonable, or valuable but often specious a plausible pretext. 2 : superficially pleasing or persuasive a swindler … , then a quack, then a smooth, plausible gentleman— R. W. Emerson. 3 : appearing worthy of belief the argument was both powerful and plausible.