Explain in Detail :Uses of Estimation of Numbers
There are many uses of estimation of numbers. One use is in business, where it is often necessary to make decisions quickly and with limited information. In these cases, it is often necessary to estimate the size of the market, the potential profits, or the number of potential customers. Another use of estimation is in science, where it is often necessary to make rough calculations in order to determine the feasibility of an experiment or to estimate the results of an experiment. A third use of estimation is in everyday life, where it can be helpful to have a rough idea of how many people live in a certain area or how much something costs.
