It is a standard construction measurement. Most homes have studs at 16 inch intervals.
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The stud distance in houses.
if each mark is 1/16 inch then 4 marks is 4/16 inch = 1/4 inch
To locate 2.9375 on a tape measure, first convert it to a fraction: 0.9375 is equivalent to 15/16. Therefore, 2.9375 inches is 2 inches plus 15/16 of an inch. On a tape measure, find the 2-inch mark and then count 15 small divisions to the right, which represent 1/16-inch increments, to reach the precise measurement of 2.9375 inches.
Because that is a common stud placing in frame buildings.
Lengths - in units that are marked on the tape measure.