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Yes but, if you can, you should try to round one up and the other down. Unless that results in rounding well away from the number.

For example, 48*62

Exact answer = 2976

If you round 48 up to 50, 62 down to 60

Estimate = 50*60 = 3000 (estimation error = +0.8%)

But if you had 48*68

Exact answer = 3264

Round up and down: 50*60 = 3000 (estimation error = -8.1% )

Round down and up: 40*70 = 2800 (estimation error= -14.2%)

Round up and up: 50*70 = 3500 (estimation error = +7.2%)

The last still has a large error but it is the smallest of the these.

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14y ago

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