The absolute error is $1898, the relative error is 2
What is an absolute and relative error?
An absolute error is a determinant of how large an error is. A relative error defines how good or bad an error is.
The formula for determining an absolute error is;
- Absolute error = measured value - actual value
The formula for determining a relative error is:
- relative error = absolute error/actual value
From the parameters given:
The absolute error can be computed as:
Absolute error = 2944 - (2944 - 1898)
Absolute error = 2944 - 1046
Absolute error = $1898
The relative error = 1898/1046
The relative error = 1.8
The relative error ≅ 2 (as an integer)
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