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each type of error if 1/3 is approximated as 0.33.
1. Absolute Error
The absolute error measures the magnitude of the difference between the true value and the
approximated value. It is calculated using the formula:
Absolute error is always a non-negative value because it considers only the size of the error,
ignoring whether the approximation is higher or lower than the actual value.
2. Relative Error
The relative error expresses the error in relation to the true value. It gives a sense of how
significant the error is compared to the true value and is given by the formula:
Relative error is unitless and typically presented as a decimal. It is particularly useful when
comparing errors across values of different magnitudes.
3. Percentage Error
The percentage error provides the error as a percentage of the true value. This form is often
used in practical situations because percentages are easier to interpret. It is calculated as:
1. True Value: The actual value of 13\frac{1}{3}31 is approximately 0.3333 (up to four
decimal places).
2. Approximated Value: The given approximation is 0.33.
The absolute error is the absolute difference between the true value and the approximated
value:
The relative error is the ratio of the absolute error to the true value: