Respuesta :
Percentage error is calculated by
Percentage error = (estimate-real)/real*100%=(115-82.5)/82.5*100%=28.26%
An over-estimate gives a positive error percent, and an underestimate gives a negative error.
Also, dividing by the real value makes it possible to have more than 100% error.
For example, if real cost is $50, and estimated cost is $150, then error percent is (150-50)/50*100%=200%!
Answer: C: 39.4%
Step-by-step explanation:
The formula to calculate the percent error is given by :-
[tex]\text{Percent error}=\dfrac{|\text{Estimated value - Actual value}|}{\text{Actual value}}\times100[/tex]
Given: The estimated amount = $115
The actual amount = $ 82.50
Now, the percent of error will be given by :-
[tex]\text{Percent error}=\dfrac{|115-82.50|}{82.50}\\\\\Rightaarrow\text{Percent error}\times100=\dfrac{32.50}{82.50}\times100\\\\\Rightaarrow\text{Percent error}\times100=39.3939393939\approx39.4\%[/tex]