A measured quantity value is a value used to represent a measurement result. It may be obtained from one observation or calculated from replicate observations, for example as an arithmetic mean. The VIM distinguishes this value from a raw measurement indication and from the fuller result with its measurement uncertainty.[ref]
For an original electrical resistance example, suppose three instrument indications are , and . A measurement calibration gives additive indication offset , so the corrected values are , and . Their arithmetic mean is the representative measured quantity value
This value is a numerical estimate of the specified measurand, such as the resistor's resistance at a stated temperature. It is not established as an exact true value merely by correcting the indications.
The three values have sample standard deviation . If repeat deviations are independent, their contribution to the mean's standard uncertainty is . Suppose the common correction has independent standard uncertainty . First-order propagation of uncertainty gives
Repeating the readings reduces the first term under these assumptions; it does not repeatedly remeasure and average away the same common correction. These are illustrative uncertainty inputs, not observed equipment data.
Reporting the measured quantity value therefore requires its unit and measurand definition. Reporting the complete measurement result also identifies the associated measurement uncertainty, its convention and relevant conditions. A change from ohms to milliohms changes the numerical expression, while leaving the represented physical value unchanged.

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