The difference between the True value and Measured Value is known as ________

Explanation:

Measurement Error:

• Measurement Error is the difference between the approximated value and the actual value of an object/quantity.
• It can be defined as the difference between the true value and the measured value.
• Errors in measuring instruments occur due to inescapable faults in the measuring instrument and limitations of the human eye.

Types of Errors:
Absolute Error:

• The absolute error is the difference between the measured value and the real value.

Relative Error:

• It represents the ratio of the absolute error of the measurement to the accepted measurement.

Percentage Error:

• Percentage error is similar to relative error besides that the error here is converted to a percent value.

Additional InformationPrecision:

• The closeness of two or more measurements to each other is known as precision.

Tolerance:

• It is the difference between the maximum limit of size and the minimum limit of size.
• It is always positive and is expressed only as a number without a sign.
• So, the tolerance of a hole is the difference between the maximum diameter of the hole and the minimum diameter of the hole.
• Similarly, the tolerance of a shaft is the difference between the maximum diameter of the shaft and the minimum diameter of the shaft.