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Question
tommy went to the store to buy paint for his room. he was expecting to pay $32, but it was more expensive than he estimated. he bought all the paint for $40. what is the percent error in tommys estimate?
Step1: Find the absolute error
The estimated value is $32, and the actual value is $40. The absolute error is $|40 - 32| = 8$.
Step2: Calculate percent error
The formula for percent error is $\frac{\text{Absolute Error}}{\text{Estimated Value}} \times 100\%$. Substituting the values, we get $\frac{8}{32} \times 100\% = 0.25 \times 100\% = 25\%$.
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