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Percentage error can be calculated using the formula:
Percentage Error = (Estimated Value - Actual Value) / Actual Value * 100
Using this formula, we can substitute the values into the formula:
Percentage Error = (18 - 16) / 16 * 100
Simplifying the expression:
Percentage Error = 2 / 16 * 100
Percentage Error = 0.125 * 100
Percentage Error = 12.5%
Therefore, Teresa’s percentage error is 12.5%.