The question is an illustration of percentage error
The percent of error is 10%
The given parameters are:
Prediction = $26000
Actual = $29000
The percent of error is then calculated as:
[tex]Error = \frac{Actual - Prediction}{Actual}[/tex]
So, we have:
[tex]Error = \frac{29000- 26000}{29000}[/tex]
[tex]Error = \frac{3000}{29000}[/tex]
Evaluate the quotient
[tex]Error = 0.1[/tex]
Express as percentage
[tex]Error = 10\%[/tex]
Hence, the percent of error is 10%
Read more about percentage error at:
https://brainly.com/question/5493941