Find the Absolute and Relative Errors $- 15$ Minutes
Relative Error

question 17

Multiple Choice

Find the absolute and relative errors.
-It took you one hour and 8 minutes to drive home, you estimated the time to be one hour and 23 minutes.

• A) absolute error: \(- 15\) minutes
• relative error: \(- 22.1 \%\)
• B) absolute error: 15 minutes
• relative error: \(18.1 \%\)
• C) absolute error: 15 minutes
• relative error: \(2.2 \%\)
• D) absolute error: 15 minutes
• relative error: \(22.1 \%\)

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Definitions:

Marketable Securities

Financial instruments that can be easily converted into cash because they have high liquidity and short maturities.

Financial Leverage

Employing the use of debt to boost the prospective profits of an investment, which in turn escalates the risk of experiencing a loss.

Debt-To-Equity Ratio

The ratio portraying the financial interplay between shareholder equity and debt in the capital structure for assets.

Net New Bonds

The total value of newly issued bonds minus the bonds that have matured or been bought back by the issuer within a specific period.