A reasonable estimate will give an indication of the order of magnitude of the number. The order of magnitude is determined by the decimal point and so knowing the order can help in placing it.
an estimation is an educated guess as to the cost of a certain procedure or product.
One way is to multiply the numbers ignoring the decimal point. If the first multiplicand has d1 digits after the decimal point, and the second has d2 digits after the decimal point, then their product has (d1 + d2) digits after the decimal point.An alternative for the second stage is to estimate the answer to determine where the decimal point should go.
To find the number of decimal places in a product of decimal numbers, add up the total number of decimal places in each of the factors. For example, if you have 2.5 multiplied by 4.75, there are two decimal places in 2.5 and two decimal places in 4.75, so the product will have a total of four decimal places.
If the two decimal numbers have x and y digits after the decimal points, then the product has (x + y) digits after the decimal point.
When you multiply decimals, the decimal point is placed in the product.
With a rough estimation.
Estimating help determine the order of magnitude of the answer. It is, therefore, a simple matter to place the decimal point is such a way that the order of magnitude of the calculated answer matches that of the estimate.
An estimate will give an indication of the order of magnitude of the answer. The decimal point determines the order of magnitude and so, if the two are in agreement, then the decimal point has been placed in the right place. However, if you did your arithmetic properly then there would be no need to do the extra calculations required for an estimate.
Demand estimation's purpose is to determine the approximate level of demand for the product whereas demand forecasting's purpose is to estimate the quantity of product or service that consumers will purchase.
Their product is always correct, according to the immutable law of nature that says"It is what it is".To determine whether or not you have calculated the product correctly, perform thecalculation another time or two, and see whether you get the same result each time.
when is the estimation of product is a useful tool
Collateral Damage Estimation (CDE)
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an estimation is an educated guess as to the cost of a certain procedure or product.
If the two multiplicands have X and Y digits after the decimal place then their product (before removing any trailing 0s) has (X+Y) digits after the decimal point.
bitchr
One way is to multiply the numbers ignoring the decimal point. If the first multiplicand has d1 digits after the decimal point, and the second has d2 digits after the decimal point, then their product has (d1 + d2) digits after the decimal point.An alternative for the second stage is to estimate the answer to determine where the decimal point should go.