While making a covariance matrix for eighteen questions in an introductory Physics exam I gave in the Spring of 2006, I discovered another use for the precision error measurements: grading mistake detection.
The figure shown first is my initial try. I computed the student score on each question with the function: $f(\text{correct})=1.0, f(\text{incorrect})=0.0$.
. Note the two dark squares at position 5 and 6.
Further investigation showed that I incorrectly scored the two questions. The second figure shows the matrix after I corrected the grading.
Note how the squares at position 5 and 6 are now similar to the others.
The precision error covariance matrix also detects grading anomalies!