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Car appraisals can determine the true value of your vehicle but it can also vary on the condition of the car as well. These are not always an accurate representation.

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Q: Do car appraisals determine the true value of your vehicle?
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In order to determine the absolute error of this you would have to have a measurement or an estimate of whatever this object is. at which point you would take the difference between the two.For example: 21.571 is the True value 20.000 is the Recorded Value.Thus: (True value) - (Recorded Value) = Absolute error (21.571) - (20.000) = 1.571To determine the Percent value, applying the skills learned above, it is represented by the following equation(Recorded value - True value) / True value*100%(20.000 - 21.571) / 21.751*100% = -7.28%It is possible to have multiple points of absolute error for instance. If you have 3 measurements one above the true value, the true value, and one below the true value. (e.g 20, 21.571, 22.571) can be represented as +/- 1.571g


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