Take the value of pi which is 3.1415...... (never ending)
Take the value of 1/3 which is 0.3333333..... (never ending)
Take the value of 2/3 which is 0.6666666..... (never ending)
In these cases, depending on the accuracy we are content with, we will take the value only to a certain number of decimals which gives an approximate value and definitely not the accurate value. In many cases we cannot use the accurate value and an approximation will suffice.
Thus, depending on the accuracy or precision we need, we can approximate the value of pi to be 3.14, the value of 1/3 to be 0.3, and the value of 2/3 to be 0.66
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In statistics it could mean the sum of the values for the y-variable.
A shape with a lot of sides and angles.
There is no specific meaning to rdw in mathematics.
Mathematics has lots of practical applications, if that's what you mean.
Lambda is usually specified to mean wavelength in mathematics and physics.