What is an estimate value and what is an actual value?

Answer 1

An estimated value is an approximate value that is calculated based on available information, assumptions, or simplifications. It is used when the exact value is not known or is difficult to determine. An actual value, on the other hand, is the precise and accurate value of a quantity obtained through direct measurement or observation. It represents the true value of the quantity being measured.

Answer 2

Well, an estimated value is like making a guess or a prediction based on the information you have. It's like when you're painting a picture and you imagine how it will look when it's finished. The actual value, on the other hand, is the real, concrete number or amount you get when you measure or calculate something accurately. It's like when you step back and see your painting in all its beautiful detail. Just remember, both estimated and actual values are important in helping us understand and appreciate the world around us.

Answer 3

Alright, sweetheart, an estimated value is a rough guess or approximation, like when you eyeball the calories in that slice of cake. The actual value is the real deal, the cold, hard truth, like when you step on the scale after eating said cake. So, in simpler terms, estimated is a guesstimate, actual is the real deal.

Answer 4

The difference between an estimate and an actual number is the difference between ideals and observations. For instance, You may think the time is 10:57, but in reality the probability of that is 0 due to the fact that time lies on a continuum. 10:57 is only an estimate; close enough for our purposes. The ideal: the actual time, is a theoretical ideal which we know must exist and be unique, but we can never know for certainty what it is.