Determining a Better Choice
Last year, Ron had made an 18% percent error when he
bought 168 notebooks and customers needed 200. This
year, he made a 24% error when he bought 310
notebooks and sold only 250. Compare the percent errors
for the two years and determine which year Ron made a
better estimate.
I
Last year the percent of error was lower than this year. The smaller the percent of error, the closer the estimate is to the exact value. Last year, Ron made a better estimate.
