An overestimate is when you estimate something, like the number of people in a stadium. Then you find out what the actual number is, and it is less than your estimate.
I estimate there are 100,000 people in the stadium.
Then it's announced that there are 97,235 in attendance.
So I overestimated.
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The estimate is 1.
look at the scales
1.2
1/15
Great. A multiple choice question without any choices. I estimate the answer to be 17/144