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This module is from Fundamentals of Mathematics by Denny Burzynski and Wade Ellis, Jr. This module discusses how to estimate by rounding. By the end of the module students should understand the reason for estimation and be able to estimate the result of an addition, multiplication, subtraction, or division using the rounding technique.

Section overview

  • Estimation By Rounding

When beginning a computation, it is valuable to have an idea of what value to expect for the result. When a computation is completed, it is valuable to know if the result is reasonable.

In the rounding process, it is important to note two facts:

  1. The rounding that is done in estimation does not always follow the rules of rounding discussed in [link] (Rounding Whole Numbers). Since estima­tion is concerned with the expected value of a computation, rounding is done using convenience as the guide rather than using hard-and-fast rounding rules. For example, if we wish to estimate the result of the division 80 ÷ 26 size 12{"80 " div " 26"} {} , we might round 26 to 20 rather than to 30 since 80 is more conveniently divided by 20 than by 30.
  2. Since rounding may occur out of convenience, and different people have differ­ent ideas of what may be convenient, results of an estimation done by rounding may vary. For a particular computation, different people may get different estimated results. Results may vary .

Estimation

Estimation is the process of determining an expected value of a computation.

Common words used in estimation are about , near , and between .

Estimation by rounding

The rounding technique estimates the result of a computation by rounding the numbers involved in the computation to one or two nonzero digits.

Sample set a

Estimate the sum: 2,357 + 6,106 size 12{"2,357 "+" 6,106"} {} .

Notice that 2,357 is near 2,400, two nonzero digits and that 6,106 is near 6,100. two nonzero digits

The sum can be estimated by 2,400 + 6,100 = 8,500 size 12{"2,400 "+" 6,100 "=" 8,500"} {} . (It is quick and easy to add 24 and 61.)

Thus, 2,357 + 6,106 size 12{"2,357 "+" 6,106"} {} is about 8,400. In fact , 2,357 + 6,106 = 8,463 size 12{"2,357 "+" 6,106"="8,463"} {} .

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Practice set a

Estimate the sum: 4,216 + 3,942 size 12{"4,216 "+" 3,942"} {} .

4,216 + 3,942 : 4,200 + 3,900 . About 8,100. In fact, 8,158.

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Estimate the sum: 812 + 514 size 12{"812 "+" 514"} {} .

812 + 514 : 800 + 500 . About 1,300. In fact, 1,326.

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Estimate the sum: 43,892 + 92,106 size 12{"43,892 "+" 92,106"} {} .

43,892 + 92,106 : 44,000 + 92,000 . About 136,000. In fact, 135,998.

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Sample set b

Estimate the difference: 5,203 - 3,015 size 12{"5,203 - 3,015"} {} .

Notice that 5,203 is near 5,200, two nonzero digits and that 3,015 is near 3,000. one nonzero digit

The difference can be estimated by 5,200 - 3,000 = 2,200 size 12{"5,200 - 3,000 "=" 2,200"} {} .

Thus, 5,203 - 3,015 size 12{"5,203 - 3,015"} {} is about 2,200. In fact , 5,203 - 3,015 = 2,188 size 12{"5,203 - 3,015 "=" 2,188"} {} .

We could make a less accurate estimation by observing that 5,203 is near 5,000. The number 5,000 has only one nonzero digit rather than two (as does 5,200). This fact makes the estimation quicker (but a little less accurate). We then estimate the difference by 5,000 - 3,000 = 2,000 size 12{"5,000 - 3,000 "=" 2,000"} {} , and conclude that 5,203 - 3,015 size 12{"5,203 - 3,015"} {} is about 2,000. This is why we say "answers may vary."

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Practice set b

Estimate the difference: 628 - 413 size 12{"628 - 413"} {} .

628 - 413 : 600 - 400 . About 200. In fact, 215.

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Estimate the difference: 7,842 - 5,209 size 12{"7,842 - 5,209"} {} .

7,842 - 5,209 : 7,800 - 5,200 . About 2,600. In fact, 2,633.

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Estimate the difference: 73,812 - 28,492 size 12{"73,812 - 28,492"} {} .

73,812 - 28,492 : 74,000 - 28,000 . About 46,000. In fact, 45,320.

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Questions & Answers

What is inflation
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a general and ongoing rise in the level of prices in an economy
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price
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In economics, a perfect market refers to a theoretical construct where all participants have perfect information, goods are homogenous, there are no barriers to entry or exit, and prices are determined solely by supply and demand. It's an idealized model used for analysis,
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other things being equal
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When MP₁ becomes negative, TP start to decline. Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 • Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of lab
Kelo
Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 • Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of labour (APL) and marginal product of labour (MPL)
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What is different between quantity demand and demand?
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Quantity demanded refers to the specific amount of a good or service that consumers are willing and able to purchase at a give price and within a specific time period. Demand, on the other hand, is a broader concept that encompasses the entire relationship between price and quantity demanded
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Economic growth as an increase in the production and consumption of goods and services within an economy.but Economic development as a broader concept that encompasses not only economic growth but also social & human well being.
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it is a curve that we get after connecting the pareto optimal combinations of two consumers after their mutually beneficial trade offs
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In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities, where neither p
Cornelius
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities,
Cornelius
Suppose a consumer consuming two commodities X and Y has The following utility function u=X0.4 Y0.6. If the price of the X and Y are 2 and 3 respectively and income Constraint is birr 50. A,Calculate quantities of x and y which maximize utility. B,Calculate value of Lagrange multiplier. C,Calculate quantities of X and Y consumed with a given price. D,alculate optimum level of output .
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Answer
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c
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Source:  OpenStax, Fundamentals of mathematics. OpenStax CNX. Aug 18, 2010 Download for free at http://cnx.org/content/col10615/1.4
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