Percentage Error

IB Maths: Applications & Interpretation: Percentage Error

"Percentage Error - Wrong, but how wrong? How do we judge the significance of an error?"Given that the vast majority of descriptive numbers are rounded and/or estimated its really worth stopping to think about just how close the numbers are to the truth and how significant the error is! The size of an error alone gives us an important but incomplete measure. To fully understand the nature of the error, it is important...

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