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Can someone give examples from real world situations where an estimate rather than an exact answer?

Can someone give examples from real world situations where an estimate, rather than an exact answer is sufficient.

Asked By: Independent - 2/14/2010
Best Answer - Chosen by Asker
1. Fortune 500 companies estimate profit/loss, revenues/cash flow, and expenditures, 5-10 year forecasts... More
Answered By: MorningStar29 - 2/14/2010
Additional Answers (3)
There are a ton of different examples. One of them could be elevator maximum weight capacity. To calculate the max weight they round down just to be safe.
Answered By: Zen - 2/14/2010
 
- Spliting the bill - Measuring the kitchen's length - amount of water to add when cooking rice
Answered By: mathmaniac - 2/14/2010
 
Labs and pretty much any scientific field, and this is mainly due with the fact that they use, on a regular basis, mathematical constants for which an exact answer can't be known: like π and e, just to name a few. In these situations they'll use the decimal representations out to enough decimals so that the constants... More
Answered By: δoτ - 2/14/2010
 
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