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In some industries and trades like carpentry, masonry, measurements are in 1/8th inch and 1/16th inch steps. Also some of the drill bits increase in steps of 1/16th inch.
Cut it in half.
1/16th of an inch.
To the nearest 16th of an inch, it is 2 and 11/16 inches. To the nearest 16th of a mile it is 0.
Yes. The difference is that last little 16th of an inch.