Form 8: Percent Error - Estimation & Budgeting Exercise

Form 8: Percent Error - Estimation & Budgeting

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Form 8: Percent Error - Estimation & Budgeting

Calculate percent error in financial planning, estimation, and budgeting contexts. Evaluate differences between estimated costs and actual expenses.

Questions

  1. MultiChoice

    Sam estimated his grocery bill would be $50, but actual bill was $40. Calculate percent error.

  2. MultiChoice

    Mia estimated her project cost would be $90. Actual cost was $100. Find percent error.

  3. MultiChoice

    An organizer estimated 100 people would attend an event, but 80 people came. What is percent error?

  4. MultiChoice

    A contractor estimated a job would take 21 hours. It actually took 20 hours. Calculate percent error.

  5. MultiChoice

    Leo estimated he needed $230 for travel. Actual expense was $200. Find percent error.

  6. MultiChoice

    A store manager expected 250 customers, but 230 arrived. Determine percent error.

  7. MultiChoice

    Emma estimated buying 35 cupcakes, but actually bought 40 cupcakes. Calculate percent error.

  8. MultiChoice

    A painter estimated using 26 gallons of paint. Actual usage was 25 gallons. Find percent error.

  9. MultiChoice

    A driver estimated a trip would cover 330 miles. Actual distance was 300 miles. What is percent error?

  10. MultiChoice

    An artist estimated making $580 at a craft fair, but actual revenue was $500. Calculate percent error.

  11. MultiChoice

    A budget predicted spending $490. Actual spending was $500. Determine percent error.

  12. MultiChoice

    A farmer estimated a yield of 106 bushels. Actual yield was 100 bushels. Find percent error.