The formula to calculate the Correction Factor (CF) is:
\[ CF = \frac{TV}{OV} \]
Where:
A correction factor is a multiplier used to adjust measurements to account for systematic error. It is the ratio of the true value to the observed value and is applied to calibrate instruments or to correct the results of an experiment or measurement.
Let's assume the following values:
Using the formula to calculate the Correction Factor (CF):
\[ CF = \frac{100}{95} = 1.05 \]
The Correction Factor (CF) is 1.05.