Question

why estimation is important ?

Answer 1

Estimation(orestimating) is the process of finding anestimate, orapproximation, which is a value that is usable for some purpose even if input data may be incomplete,uncertain, orunstable. The value is nonetheless usable because it is derived from the best information available.[1]Typically, estimation involves "using the value of astatisticderived from asampleto estimate the value of a corresponding population parameter".[2]The sample providesinformationthat 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 anoverestimateif the estimate exceeded the actual result,[3]and anunderestimateif the estimate fell short of the actual result.[4](Contrast withprediction.)

Answer 2

hey dear here your answer;
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In real life, estimation is a part of our everyday experience....for students estimating is an important skill.
First and foremost,we want students to be able to determine the reasonableness of their answer.
without estimating skills, students are not able to determine if their answer within a reasonable range.

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