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Using simplified percentage complete amounts for a one-year project with weekly reporting and an average task or work packet size of one week, you can expect about a(n) 1 percent error rate.
What is a Simple Percent?
Simple percentages are percentages of amounts that can be found with a simple division or multiplication.
What is Percent Error ?
Percent errors indicate how big our errors are when we measure something in an analysis process. Smaller percent errors indicate that we are close to the accepted or original value.
For example, a 1% error indicates that we got very close to the accepted value, while 48% means that we were quite a long way off from the true value.
Percent error is the difference between estimated value and the actual value in comparison to the actual value and is expressed as a percentage. In other words, the percent error is the relative error multiplied by 100.
Percent Error Formula
The formula for percent error is:
PE = (|Estimated value-Actual value|/ Actual value) × 100
Your question is incomplete, but most probably your full question was:
Using simplified percentage complete amounts for a one-year project with weekly reporting and an average task or work packet size of one week, you can expect about a(n) ____ percent error rate.
a.1
b.5
c.11
d.15
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