the process of finding the solution by means of estimation is
Answers
Answer:
Estimation (or estimating) is the process of finding an estimate, or approximation, which is a value that is usable for some purpose even if input data may be incomplete, uncertain, or unstable. The value is nonetheless usable because it is derived from the best information available.[1] Typically, estimation involves "using the value of a statistic derived from a sample to estimate the value of a corresponding population parameter".[2] The sample provides information that can be projected, through various formal or informal processes, to determine a range most likely to describe the missing information. An estimate that turns out to be incorrect will be an overestimate if the estimate exceeded the actual result,[3] and an underestimate if the estimate fell short of the actual result.[4] (
Explanation:
\Example: you want to buy five magazines that cost $1.95 each. When you go to buy them the cost is $12.25. Is that right?
"five at $1.95 each is about 5 times 2, or about $10"
so $12.25 seems too much!
Ask to have the total checked.