That is 100% useless for an objective approach. Only a raw file carries enough data to allow specific discussion of the image. See my post below: http://forums.dpreview.com/forums/read_js2.asp?forum=1032&message=32260609I'm not big on sharing full size RAW files on the web, but here is a 100% magnification crop
Many photogs talk a lot about the dynamic range of the camera, but most of them don't have much clue re the implications. Following is a 25% ACR rendered version of a shot created specifically for the measurement of noise and DR (underexposed by close to five stops). The raw file can be downloaded from http://www.panopeeper.com/Download/CCC_ISO00100_1221.CR2 , the ACR adjustment parameters are in http://www.panopeeper.com/Download/CCC_ISO00100_1221.xmp
Only such excessive adjustments as shown in the XMP bring out the really deep shadows. Any blacks more than 0 means cutting away the darkest parts - why do you want to have a good camera, if you treate the file like it came from a P&S?
The red, green and blue numbers in the patches show the average raw pixel intensity in that patch. (There is no point to talk about "exposure": the fixed exposure results in different intensities and different noise levels on different patches.) The intensity is measured in EV from clipping, for example 9.26 means, that the red is at the 10.26th stop of the dynamic range (it starts with zero, because the clipping level is 0 EV from the clipping level). The noise in the JPEG is of course the result of the conversion, which applies a multiplication of the pixel values for the WB (and that multiplies the noise as well) and mixes the raw channels. It occurs very seldom, that the three channels have the same intensity.
One can get an idea of the noise pure on a raw channel from the files starting with Canon5DMKII_CCC_ISO0100 in http://www.panopeeper.com/Canon/
Here is the ACR converted image representing the real shadows and the noise:
Finally, here is the result of the measurements on this shot and on the others with different ISOs. If you pick a certain level of noise in terms of standard deviation (as the reciprocate of the SNR), the x axis shows the dynamic range.
However, the graphs do not reflect the ugliness of the pattern noise. It shows, among others, that ISO 200 is practically as good as ISO 100, and that ISO 3200 is useless for raw, as it yields the same noise as 1600, but it cuts off the top EV from the DR.
Note, that these are no "fitted curves", there is no interpolation here; each point represents a measurement, as shown in the Canon5DMkII_CCC_ISO0100_ images.
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Gabor
http://www.panopeeper.com/panorama/pano.htm