39% of shots will land within 1 SD, and 86% of shots will land within 2 SD, and 99% of shots will land within 3 SD. You can gain none of that information from ES. It is not predictive like SD is.
Hi Shorty. Not quite, but close. A statistics correction is needed here to help clarify some of your points about SD and ES.
Standard Deviation (SD) proportions under the symmetrical bell curve of the Normal Distribution (ND) are on both sides of the mean. (And it has to be a ND, otherwise the SD is not valid - more on that later. Assume for now, for sake of description, that the data is distributed in a ND).
1 SD = 34.1%. 1 SD (the 1st SD) exists on
both sides of the "mean" (average), or the central high point of the bell curve, so it accounts for double, or 64.2% of the variation around the mean (under the bell curve).
This can be confusing (34.1% or 64.2%). These are both "1 SD" values depending on what your question is. (I know, I know, the Statistician gods have made stats not very user friendly!)
A computer program spits out the 1 SD value for one side of the mean. e.g. for muzzle velocity, say if a sample's 1 SD = 10 fps, that is 10fps on each side of the mean. Therefore 34.1% of the sample was less than the mean, and 34.1% of the sample was greater than the mean. Therefore 68.2% of the rounds are within 1 SD of the mean. Translated to the example, that means that the round fired will have 20 fps variation 68% of the time, because the variation is random around the mean on both sides.
In other words, when using 1 SD to predict, you have to use the combined both sides of the mean under the curve, not just one side,
since by random chance the muzzle velocity will land on either side of the mean. So you always have to double the 1 SD to make your prediction for the next shot when using that 1 SD proportion.
2 SD = 13.6% on one side of the mean, beyond the 1st SD on each side. Therefore the 2nd SD accounts for 27.2% of the variation. 1 SD + 2 SD = 95.4% of the sample's variance.
3 SD = 2.1% on one side of the mean out on the far tails of the curve, or 4.2% on both sides. Therefore 1 SD + 2 SD + 3 SD accounts for 99.6% of the variation around the mean.
Because of rounding decimals, the three percentages of 1 to 3 SD's are rounded to
68% - 95% - 99.7%.
RE comments on ES being predictive or not: In fact a sample's ES has strong predictive power when used with the sample's SD....by definition, because the bell curve's tails are defined by the ES. Based on your sample for that same lot of ammo, when you take the next shot, you can predict the muzzle velocity of that next shot has a 68% chance of being in the middle of the ES, and 32% chance of it being faster or slower than that out towards either tail of the bell curve.
For follow-up clarification, this Wikipedia page has a good summary of Standard Deviation, and the Normal Distribution:
https://en.wikipedia.org/wiki/Standard_deviation
Image of the Normal Distribution and SD's from that same link:
(Creative Commons license, author credit: M.W. Toews).