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Rather than trying to explain what is meant by modeling, I will direct you the pertinent papers written by the author of the software we'll be using, and furnish a plot below, in which a linear model with zero offset was appropriate. This graph is touched up a bit, adding a legend showing the $\chi^2$ value, the model used, and the best fit value of the modeling parameter, in this case, a perfectly transparent 'a'.The best value of $b$ is 2.19546. The Goldilocks plot will give you the appropriate uncertainty in it. But what do we compare $b_{best}$ to in order to arrive at a discrepancy? Well, that would be the experimental value of $b$ based on measurements. Suppose, according to the model, $b = g/(\mu L^2)$, with, of $g$ being the acceleration due to gravity, in furlongs per fortnight$^2$, $\mu$ is some weird mass density in $deniers$, I don't know, pounds per furlong, and $L$ is some length in, uh, oh yes, furlongs. You have experimental uncertainties in all of those values. You punch in the numbers and you calculate $b_{experimental} = 2.3547912 \times 10^{3} (kpound-fortnight^2)^{-1}$, which are the same units as the best fit value but off by $10^3$. I bring this up because this sort of thing happens a lot. Sometimes it's a factor of a billion (that's when you start checking to see if your data has units of $nm$ or $m$). And in this case, you find your factor of a thousand from the fact that you should've plotted the independent variable in kilopounds and not pounds, so now $b_b = 2.19546\times 10^3$ (sorry, can't keep going with the uber-long subscripts), and $b_e = 2.354712\times 10^3$ in the same units. Progress.
So do these value 'agree within experimental error'? That is, is the discrepancy is less than or equal to the uncertainty? Well, I don't know, I'd have to calculate $\Delta b_e$ by propagating uncertainty in that quantity based on the more basic, primitive uncertainties in $g$, the $\mu$ and the $L$ using standard techniques, which I wont go into here, but which I will assume you all know. Let's say the uncertainty of $\Delta b_b = 0.1$ and the uncertainty $\Delta b_e = 0.3.$ How would that comparison be written in your abstract, using significant figures appropriately, and what would you say there about agreement being 'within experimental error' or not? This question will be put to you on day 1. Have an answer ready. Once you do, you'll recognize that the modeling exercise has furnished crucial qualitative and quantitative comparisons between theory and experiment which permit the experimenter to have a defensible position on the question of whether the data taken was good or not. The experimenter will have taken an active role in coming to that opinion, and will have grown in some measure at being able to make an independent judgment about the goodness of the agreement between the model and the data. And that is important goal of these laboratory exercises.