Calculating Investment Returns in China (RMB)
How to calculate ROI for Chinese stocks, funds, and property using RMB. Understand percentage gains and losses.
Compare your observed (approximate) value with the true (exact) value to find the margin of error.
Measure the accuracy of your estimate or experiment.
Percent error measures the difference between an estimated value and the actual exact value. The formula is **Percentage Error = |(Approximate - Exact) / Exact| × 100**. It is always a positive number.
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Enter the original and new values to see the percentage change. Works...
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Formula:
% Error = |(Approx - Exact) / Exact| × 100Example A: Physics Lab
Result: Measured gravity: 9.7 m/s². True gravity: 9.8 m/s². Error: |9.7-9.8|/9.8 = 0.1/9.8 = 1.02%.
Example B: Estimation
Result: Guessed 50 jellybeans. Actual 55. Error: |50-55|/55 = 5/55 = 9.09%.
Because use absolute value in the numerator. We care about the "magnitude" of the error, not the direction (whether it was too high or too low).
In science labs, under 5% is often considered accurate (good). Under 1% is excellent. It depends on the precision of your instruments.
No. Percent error compares a guess to a TRUE value. Percent difference compares two experimental values where neither is "correct".
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