viewing distance

I was wondering if we sit closer for a smaller TV, is it the same as sitting further away from a larger TV?

For eg if I sit at 6ft for a 40", do i see same size picture as sitting at 10ft for a 50"?
 
Recommendation is start from 2x of diagonal length of HD tv and try upto 3X of same. Also ambience light and brightness plays role into decision.
 
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