Question

Give the meaning of forfeiture of shares.

Answer 1

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Errors are the difference in the values of the measurements to its correct values.

There are the many types of the Errors. On the basis of the classification they are summarized below. 

Errors are commonly of the two types ⇒

1. Constant Errors ⇒ When the result of the series of the observations have the errors in the same amount then the errors are called as the Constant Errors. 

2. Systematic Errors ⇒ Those errors that are always in the same direction either positive or negative,  is called as the systematic errors. 

Errors are also divided into three types. They are ⇒

1. Absolute errors ⇒ The difference of the true value to the experimental value is called as the Absolute Errors.

2. Relative errors. ⇒ The ratio of the absolute errors to the true value is called as the Relative errors. 

3. Percentage Errors ⇒ The relative errors expressed in % is called as the relative errors. 

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