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They’re the ‘real value’ of a rounded number. Upper and Lower Bounds are concerned with accuracy. Any measurement must be given to a degree of accuracy, e.g. 'to 1 d.p.', or ' 2 s.f.', etc. Once you know the degree to which a measurement has been rounded, you can then find the Upper and Lower Bounds of that measurement. Phrases such as the 'least Upper Bound' and the 'greatest Lower Bound' can be a bit confusing, so remember them like this: the Upper Bound is the biggest possible value the measurement could have been before it was rounded down; while the Lower Bound is the smallest possible value the measurement could have been before it was rounded up.

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Q: What are the upper and lower bounds of the project?
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