Question

John spent $75 on a shopping trip for new clothes last week. He had expected to spend $100 on clothes,

Answer 1

Answer:

Absolute error = $25

Step-by-step explanation:

Given that:

Amount spent by John on shopping trip = $75

Estimated amount to spent on shopping trip = $100

Absolute error = Approximate value - Exact value

Here,

Approximate value = $100

Exact value = $75

Absolute error = 100 - 75

Absolute error = $25

Percentage = $\frac{Absolute\ error}{Exact\ value}*100$

Percentage = $\frac{25}{75}*100$

Percentage = 33.33%

Hence,

Absolute error = $25