How close approximation is to an actual value? - Answers

A close approximation to an actual value refers to a numerical estimate that is very near to the true value, often within an acceptable range of error. The degree of closeness can depend on the context and purpose of the approximation, with some fields requiring higher precision than others. Typically, the accuracy of an approximation is assessed using methods like percent error or absolute error. In practical applications, a close approximation can provide sufficient information for decision-making without needing the exact value.