Besides discount and interest, there is a third use of the percentage that we shall use continually in physics and statistics: the percentage as a measure of variation with respect to a reference. It is the way we judge the quality of a measurement.
Definition — Absolute, relative and percentage error
Given a measured quantity and a reference value (exact, expected, true): and expressed as a percentage it is the percentage error .
The absolute error has the same units as the quantity; the relative error is a pure number, and multiplied by it becomes the percentage error. It is the latter that tells us whether a measurement is “good”, because it relates the error to the scale of the phenomenon.
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Topics: Percentages
Concepts: Absolute error · Percentage error · Relative error
Methods: Relative percentage error
Skills: Using formulae