The formula to calculate the Percent Agreement (PA) is:
\[ PA = \left| \frac{V1 - V2}{\frac{V1 + V2}{2}} \right| \times 100 \]
Where:
Percent Agreement (PA) is a measure of the agreement between two values, expressed as a percentage. It is used to assess the similarity or difference between two measurements or observations.
Let's consider an example:
Using the formula to calculate the Percent Agreement:
\[ PA = \left| \frac{50 - 45}{\frac{50 + 45}{2}} \right| \times 100 = 10.53\% \]
This means that the percent agreement between the two values is 10.53%.