swansont said:
It's good — anything to within 10% is for something like this — but it's not the error. Unfortunately this is often taught in physics class, or at least is not corrected. Error has to do with uncertainty concerning the experiment, not the difference between your answer and the accepted one. You might estimate that your measurement of the wavelength is to within ±0.5 cm. which would be ± 1.2e7 m/s, or 7.7% error. In that case, your answer and the accepted on agree to better than the error. Alternately, (and more deliciously) you could do the experiment many times and find the standard deviation of the measurements.
I was also going to post this when I commented on wondering the refractive index of chocolate, and whether it matters due to the amount of wave in the air compared to the chocolate...

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