How to Calculate Accuracy

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Tip 1 - How to Calculate Percent Accuracy | eHow

Published: 9 years, 4 month(s) ago | Submitted by Jeff La Fave | permalink

A percentage represents a ratio out of 100. For example, an 80 percent probability would mean an event would happen 80 times out of 100 times. Percent accuracy is used to represent the number of times out of 100 a task is performed correctly. Percent accuracy can be used to measure how many words a student is able to read correctly or how accurate...

For further reading: http://www.ehow.com/how_6199228_calculate-percent-accuracy.html ^[1]

Tip 2 - How to Calculate Precision

Published: 9 years, 4 month(s) ago | Submitted by Patrick Gomer | permalink

Precision and accuracy, though often used synonymously, are actually very different words in math and science. Precision means that a measurement gets similar results every single time it is used. For example, if you step on a scale five...
Tags: WikiHow, Calculate Precision, wiki, how to articles, how to instructions, DIY, tips, howto, learn, how do I

For further reading: http://www.wikihow.com/Calculate-Precision ^[2]

Tip 3 - How to Calculate Accuracy of Inventory Variance

Published: 9 years, 4 month(s) ago | Submitted by T Rav 295 | permalink

Small businesses often estimate their inventory. If you operate your business on the basis of inaccurate inventory figures, however, you may experience stock outs -- running out of products when ...

For further reading: http://smallbusiness.chron.com/calculate-accuracy-inventory-variance-20073.html ^[3]