Georgia Preserves is test marketing a new peach-orange marmalade. The following responses were collected from 500 people who were offered samples of the new product at a shopping mall. The marketing department of Georgia Preserves predicted that 300 people would probably buy the product between the present time and next year. Determine the relative error. (Hint: Find the absolute error first.)
"I love it! Where can I buy it today?" = 127 responses
"I'll probably try it over the next year, sometime." = 162 responses
"I'll probably try it, but only if I have a discount coupon." = 153 responses
"I don't like this marmalade." = 58 responses