To calculate the percent error, you can use the following formula:
\[ \text{Percent Error} = \frac{\text{Actual Value} - \text{Expected Value}}{\text{Expected Value}} \times 100 \]
In this case:
- Expected Value = \(24,500\)
- Actual Value = \(21,800\)
Now, substitute the values into the formula:
\[ \text{Percent Error} = \frac{21,800 - 24,500}{24,500} \times 100 \] \[ \text{Percent Error} = \frac{-2,700}{24,500} \times 100 \] \[ \text{Percent Error} \approx -11.02 \]
Since percent error is typically expressed as a positive number, we can take the absolute value:
\[ \text{Percent Error} \approx 11.02% \]
Thus, the percent error is approximately \(11.02%\).