Estimation is the process of finding an approximate value for a quantity when the exact value is not known or is impractical to find. It is an important skill in mathematics and everyday life.
Types of Estimation
There are two main types of estimation:
Rounding:Rounding is the process of finding a nearby value that is easier to work with. For example, rounding 347 to the nearest ten gives 350.
Front-End Estimation:Front-end estimation is a method of estimation where only the first digits of the numbers are used to find the approximate sum or difference. For example, to estimate 347 + 289, you would add 300 + 200 to get 500.
Uses of Estimation
Estimation is used in various real-life situations such as: