The formula to calculate the Maximum Equivalency (E) is:
\[ E = \frac{U_{e}}{U} \]
Where:
Let's say the total number of equivalent units (Ue) is 50 and the total number of units (U) is 100. Using the formula:
\[ E = \frac{50}{100} = 0.5 \]
So, the Maximum Equivalency (E) is 0.5.