We estimate figures when we want a rough idea of a quantity rather than an exact figure. An estimate gives us an idea of what we can expect, without having to go into exact detail. Estimating is useful when planning the cost of home renovations, vacations, establishing the value of a collection, etc.
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Apparently a magnitude estimate is just a estimate just closer to the actual answer.
900 is an estimate. But why would you want to estimate such a simple calculation?
900 would be a fair estimate
Estimate the minimum value, A. Estimate the maximum value, B. The estimated range is from A to B.
a moderate estimate, not expensive, reasonable in price