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

Porter Norman

Chemistry

11 November, 10:41

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?

+3

Answers (1)

Know the Answer?

Rigoberto Carter · 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.