1 This Memorandum of Understanding between the Australian Securities and Investments Commission (ASIC) and the Reserve Bank of Australia (RBA) is intended to assist each agency in the performance of its regulatory responsibilities under the. 2  in relation to clearing and settlement facilities.
Steps to calculate the percent error: 1  Subtract the accepted value from the experimental value. 2  Take the absolute value of step 1. 3  Divide that answer by the accepted value.4  Multiply that answer by 100 and add the % symbol to express the answer as a percentage. Subtract the accepted value from the experimental value. 2  Take the absolute value of step 1. 3  Divide that answer by the accepted value. 4  Multiply that answer by 100 and add the % symbol to express the answer as a percentage.
When you calculate results that are aiming for known values, the percent error formula is useful tool for determining the precision of your calculations. The experimental value is your calculated value, and the theoretical value is your known value. A percentage very close to zero means you are very close to your targeted value, which is good. It is always necessary to understand the cause of the error, such as whether it is due to the imprecision of your equipment, your own estimations, or a mistake in your experiment.