SOLUTION: If we estimate that there are 45 candies in a jar when there are actually 60 candies, what is the percentage error

Question 964235: If we estimate that there are 45 candies in a jar when there are actually 60 candies, what is the percentage error
Answer by Theo(13342) (Show Source): You can put this solution on YOUR website!
your estimate is 15 below the actual count.
your estimate is 25% below the actual count (15/60 * 100 = 25%).
your estimate is 75% of the original count (100% - 25% = 75%).

if you had estimated 75 when the actual count was 60, then:

your estimate would be 15 above the actual count.
your estimate would be 25% above the actual count (15/60 * 100 = 25%).
your estimate would be 125% of the actual count (100% + 25% = 125%).

the actual count is the denominator in the ratio.
the amount that you are off is the numerator in the ratio.
percent is 100 * the ratio.

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