The percentage error is 11.1%
Percentage error is simply the difference between the exact and the estimated values as a percentage
The given parameters are:
The percentage error is then calculated as:
[tex]\% E = \frac{50 - 45}{45} \times 100\%[/tex]
Evaluate the difference
[tex]\% E = \frac{5}{45} \times 100\%[/tex]
So, we have:
[tex]\% E = \frac{500}{45} \%[/tex]
[tex]\% E = 11.1\%[/tex]
Hence, the percentage error is 11.1%
Read more about percentage errors at:
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