Direct fixed-point inversions have been commonly used in ellipsometry for rapid
determination of the optical constants and thickness of transparent and
absorbing films formed on substrates. We formulate here the statistical
covariance matrices of these optical parameters sought from a fixed-wave
multiple sample, and multiple and single angle of incidence ellipsometric data
using different known fixed-point inversions. Maple software used in the
covariance matrix formulation offers the advantage of avoiding the manual
calculation of the number of literal derivatives involved. The error propagation
inherent in the inversions can thus be readily studied as a function of optical
parameters before optical characterization with regard to the uncertainty
produced in these parameters and to the correlation between them. We
verify quantitatively, using illustrative examples, that strong parameter
correlation is synonymous with large parameter uncertainties in these
fixed-point inversions and show that the multiple sample-based inversions
bring out relatively small uncertainties accompanied by low parameter
correlation when the film thickness ranges are chosen appropriately.