Final answer:
The percent error of the estimate for game night attendance is calculated by taking the absolute difference between the actual and estimated values, dividing by the estimated value, then multiplying by 100%. This results in a percent error of 2%.
Step-by-step explanation:
To calculate the percent error of the estimate for the game night attendance, we use the formula:
Percent Error = (|Actual Value - Estimated Value| / Estimated Value) × 100%
In this case, the Actual Value is 196, and the Estimated Value is 200. So, we plug these numbers into our formula:
-
- |Actual Value - Estimated Value| = |196 - 200| = 4
-
- Percent Error = (4 / 200) × 100% = 2%
Therefore, the percent error of the estimate is 2%.