It means to estimate something as more than its real value.
The definition for the term overestimate is to assign too high a value to something.
You Overestimate when the problem has over 3 digits.
Don't overestimate yourself!
Most people would estimate that as 6 (an overestimate) - 4 (an underestimate) which would estimate the answer as 2, which is an overestimate.
Advantages and disadvantages of overestimate and underestimate
To estimate too highly; to overvalue., An estimate that is too high; as, an overestimate of the vote.
If you have rounded up, it will be an overestimate. If you have rounded down, it will be an underestimate.
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It's an overestimate. The actual total is 1.61
in most situations
Since the exact answer is 1.61, 2 is larger than 1.61 and hence an overestimate.
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If you rounded up, it's an overestimate, if you rounded down, it's an underestimate. If you did both, whatever you did more of will prevail.