in applied mathematics, the difference between a true value and an estimate, or approximation, of that value. In statistics, a common example is the difference between the mean of an entire population and the mean of a sample drawn from that population. In numerical analysis, round-off error is exemplified by the difference between the true value of the irrational number π and the value of rational expressions such as 22/7, 355/113, 3.14, or 3.14159. Truncation error results from ignoring all but a finite number of terms of an infinite series. For example, the exponential function e^x may be expressed as the sum of the infinite series

The relative error is the numerical difference divided by the true value; the percentage error is this ratio expressed as a percent. The term random error is sometimes used to distinguish the effects of inherent imprecision from so-called systematic error, which may originate in faulty assumptions or procedures. The methods of mathematical statistics are particularly suited to the estimation and management of random errors.