Question

find the absolute error and percentage error in rounding; the yearly profit of $1367540 made by a company to $1.37 million ​

Answer 1

Answer:

0.18%

Step-by-step explanation:

% error= accepted value - experimental value/ accepted value

Step 1: subtract one value from another

1,367,540-1,370,00=-2460

Depending on what you need it you may take away the negative sign

Step 2: So your absolute error is equal to 2,460

Step 3: divide error by true value

= 2460/1,370,000

Ans = 0.0018

Step 4: multiply this value by 100% to obtain the percent error

0.0018 X 100% = 0.18%