To calculate the percent error in Julian and Brittany's prediction, we can use the following formula for percent error:
In this case:
- Predicted Value = 275 (the number of invitations mailed)
- Actual Value = 265 (the number of people who committed to attending)
Substituting the values into the formula:
Calculating the numerator:
Now substituting into the formula:
Calculating the fraction:
Now multiplying by 100 to convert it to a percentage:
Rounding to the nearest hundredth percent:
Since percent error is generally reported as a positive value representing the deviation from the expected result, we can say:
Thus, the percent error in their prediction is approximately 3.64%.