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How do you explain estimate? - Answers

An estimate is an approximate calculation or judgment regarding a quantity, value, or outcome based on available information. It is often used when exact data is unavailable, allowing for a reasonable guess that can guide decision-making. Estimates can be derived from previous data, expert opinions, or simplified models, and they are commonly used in fields like finance, project management, and statistics. Ultimately, while estimates aim for accuracy, they inherently involve a degree of uncertainty.



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How do you explain estimate? - Answers

https://math.answers.com/math-and-arithmetic/How_do_you_explain_estimate

An estimate is an approximate calculation or judgment regarding a quantity, value, or outcome based on available information. It is often used when exact data is unavailable, allowing for a reasonable guess that can guide decision-making. Estimates can be derived from previous data, expert opinions, or simplified models, and they are commonly used in fields like finance, project management, and statistics. Ultimately, while estimates aim for accuracy, they inherently involve a degree of uncertainty.



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https://math.answers.com/math-and-arithmetic/How_do_you_explain_estimate

How do you explain estimate? - Answers

An estimate is an approximate calculation or judgment regarding a quantity, value, or outcome based on available information. It is often used when exact data is unavailable, allowing for a reasonable guess that can guide decision-making. Estimates can be derived from previous data, expert opinions, or simplified models, and they are commonly used in fields like finance, project management, and statistics. Ultimately, while estimates aim for accuracy, they inherently involve a degree of uncertainty.

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      An estimate is an approximate calculation or judgment regarding a quantity, value, or outcome based on available information. It is often used when exact data is unavailable, allowing for a reasonable guess that can guide decision-making. Estimates can be derived from previous data, expert opinions, or simplified models, and they are commonly used in fields like finance, project management, and statistics. Ultimately, while estimates aim for accuracy, they inherently involve a degree of uncertainty.

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