The result is only an estimate because it relies on sampled data or assumptions that may not capture the full complexity of the entire population or system. Variability, measurement errors, and inherent uncertainty in the data contribute to this lack of precision. Additionally, estimates often involve approximations or model assumptions that can further introduce discrepancies from exact values. Thus, while estimates provide useful insights, they cannot guarantee exact outcomes.
If you have the exact value, why do you need to estimate!
When the exact number is not required, only a ball park figure or an order of magnitude. This could be forced upon you when you do not have exact values for the two quantities involved.
estimate
You obtain an estimate of the probability that will usually be different from previous result(s).You obtain an estimate of the probability that will usually be different from previous result(s).You obtain an estimate of the probability that will usually be different from previous result(s).You obtain an estimate of the probability that will usually be different from previous result(s).
To estimate the quotient means to find an approximate value of the result when one number is divided by another, without performing exact calculations. This often involves rounding the numbers to make the division simpler, allowing for a quick mental calculation or an easier estimation process. The goal is to get a rough idea of the size of the quotient rather than an exact answer.
Ignore the remainder: after all, it is only meant to be an estimate - not an exact answer!
You can estimate when an exact answer is not needed.
If you have the exact value, why do you need to estimate!
over-estimate
over estimate
Your estimate will be greater than the exact number.
There are two main situations in which you would estimate:when there is no analytical solution and the only way is to estimate a solution using iteration,when an exact answer is not required or the time or effort required to obtain an exact answer cannot be justified by the improved precision.
When the exact number is not required, only a ball park figure or an order of magnitude. This could be forced upon you when you do not have exact values for the two quantities involved.
there is no need for an estimate - exact answer is 212.80
Not usually.
estimate
Approximately 25,000 people died in the Revolutionary War. This is only a rounded estimate, the exact number is not known.