Percentage difference is a statistical measure that compares the relative difference between two values. It expresses the absolute difference between two numbers as a percentage of their average. This metric is particularly useful when comparing values that are not necessarily in a before-and-after relationship.
To calculate percentage difference:
The formula for percentage difference is:
\[ \text{Percentage Difference} = \frac{|V_1 - V_2|}{\frac{V_1 + V_2}{2}} \times 100\% \]
Where V₁ and V₂ are the two values being compared.
Let's calculate the percentage difference between 50 and 80:
Result: The percentage difference between 50 and 80 is approximately 46.15%.
Visual representation of 46.15% difference between 50 and 80
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