I've got two instruments that measure one quantity. One of them is regarded to be more precise, therefore, I use this measurement as a reference. Then, I take two measurements of the same quantity using completely different method.
I want to compare my measurements and the reference and find how good my estimates and method are. I assume the uncertainites are gaussian and they are the standard deviations.
Quantitatively:
reference: 2.00 +/- 0.20
measurement 1: 1.99 +/- 0.02
measurement 2: 1.86 +/- 0.10
I tried simply finding how many standard deviations my measurements are away from the mean of the reference. That is, I calculated $0.5\sigma$ and $1.4\sigma$.
I feel, however, that there is more to it than that. I have not been educated in this aspect by my university and don't know where to look for answers.