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The smallest number would result from division. Divide using the smallest numbers first to achieve the smallest result: 2 / 3 / 4 / 7 is about equal to 0.024. Note that 7 / 4 / 3 / 2 yields something close to 0.292, which is not the smallest possible.

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Q: What is the smallest possible number from 2 4 7 and 3?
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