You bought a new car and estimated that your monthly payment would be $312. However, your actual payment amount was $325. How much error was in your estimate?

Question

Chemistry

Roy Trujillo

27 November, 07:03

You bought a new car and estimated that your monthly payment would be $312. However, your actual payment amount was $325. How much error was in your estimate?

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Answers (1)

Know the Answer?

Deacon Benton · Answer 1

The error would be $13.

Explanation:

Given dа ta:

Actual payment = $325

estimated payment = $312

Error = ?

Solution:

Error = Estimated payment - Actual payment

Error = $312 - $325

Error = - $13

we can discard the negative sign and consider the absolute value. The error would be $13.