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Results for "estimation"

Estimation

Definition: The process of making an estimate.


Alright class, settle down and letโ€™s take a look! Thatโ€™s a perfectly good definition from the dictionary โ€“ โ€œthe process of making an estimate.โ€ But what does that really mean , you ask? Let's put it this way: Estimation is like a clever guess, A thoughtful try, to measure success. Itโ€™s not about being exact, don't you see? Like when you guess how many cookies will be free! We use our brains and what we know, To figure out something that doesn't quite show The precise number โ€“ itโ€™s a little bit hazy, An approximation, so easy and breezy! Think of it like this: You want to guess how long it takes to walk to the store. You don't measure every step you take, do you? You just estimate based on your pace and what you think is a reasonable distance. So, estimation means using your knowledge and thinking skills to come up with a good idea of somethingโ€™s size, amount, or value โ€“ without needing perfect accuracy. Do you have any questions about that, class? Let's explore this further!