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.
There are two common comparison methods, called percent error and percent difference. The percent error is used when comparing the final measured value to a well-accepted or well-known value. The percent error is defined as: The percent difference is used when comparing a measured value to another measured value. The percent difference is defined as: Once the percent error or percent difference is known, the error analysis may proceed. Error analysis is the description of why two measured quantities differ. Usually, this discussion is about a final measured value and why it differs from a well-accepted or known value.