The declaration of the accuracy by Garmin GPS receivers often leads to confusion. What does it mean if the receiver states an accuracy of 4 m? This readout refers to the so-called 50 % CEP (Circular Error Probable). This means that 50 % of all measurements are within a radius of 4 m. On the other hand, 50 % of all measured positions are outside of this radius. Furthermore, 95 % of all measured positions are within a circle of twice this radius and 98.9 % of all positions are within a circle of 2.55 the radius. In the given example, nearly all positions are within circle with a radius of 10 m. The determined position is in the worst case accurate to 10 m.
Source : http://www.kowoma.de/en/gps/accuracy.htm