If used well, it can give a quick answer which may be sufficiently accurate for the purpose.
Suppose I have 24 dollars and I want to buy 5 books which cost 4.97 each. I estimate 5 books@5 dollars = 25 dollars. No, I have not got enough money. I do not need to know the exact amount I would have needed to determine that I have not got enough.
I forgot
When a quick approximate answer will suffice.
give me examples of estimate
Estimation is useful when you need a quick answer or approximation without precise calculations, such as in budgeting, project planning, or making decisions based on rough figures. It's also helpful when dealing with large numbers or complex calculations where exact values may not be necessary. Additionally, estimation can assist in checking the reasonableness of more detailed computations.
If an estimation, or estimate, is a guess, an approximate estimation is a rougher guess.
when is the estimation of product is a useful tool
Estimation
individuals
I forgot
When a quick approximate answer will suffice.
give me examples of estimate
Estimation is useful when you need a quick answer or approximation without precise calculations, such as in budgeting, project planning, or making decisions based on rough figures. It's also helpful when dealing with large numbers or complex calculations where exact values may not be necessary. Additionally, estimation can assist in checking the reasonableness of more detailed computations.
If an estimation, or estimate, is a guess, an approximate estimation is a rougher guess.
What is the estimation 328000
Front end estimation- An estimation method in which the front digits are added or subtracted
Estimation is not a fact; rather, it is an approximation or educated guess based on available information or data. While facts are objective and verifiable, estimates can vary based on assumptions, methods, and individual judgments. Therefore, they serve as useful tools for making predictions or decisions but do not represent absolute truths.
A person who is blind does channel estimation.