Uncertainty is inherent in geospatial data... Maybe it's supposed to be obvious, and, some standards forget to define it.
The RFC 5870 — A Uniform Resource Identifier for Geographic Locations ('geo' URI) — has no clue about the uncertainty measurement definition:
The
u("uncertainty") parameter indicates the amount of uncertainty in the location as a value in meters.
The statistical/metrological uncertainty is a well-known measurement, and usually associated with a disk around the point, but the measurement could be defined as the radius or the diameter of the disk.
Note. If the RFC is really informal, perhaps any set of GIS "trusted books" (or scientific papers) could be used as evidence... It seems that radius is the most widely adopted.