The percent error for estimate of student = 66.67%
Percent errors is a concept of statistics which is used to quantify the errors.
It is measure of how close the real value is as compared to expected value . It is expressed as a percentage taken on the expected value.
In statistics since the experimental readings are different than the expected /Ideal values so the percentage errors define the magnitude of closeness of Expected and Real or Actual Values.
Percentage Error = ( Actual Value - Expected Value ) / (Expected Value )
Expected time to complete the book report = 3 hours
Actual time to complete the book = 5 hours
Percentage Error = ( Actual time - Expected time ) / (Expected time )
Percentage error = (5-3)/3 [tex]\times[/tex] 100 % = 66.67%
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