Final answer:
To determine if a number is less than 4.703, compare decimal places from left to right. Numbers like 4.692 are less than 4.703 due to the lower third decimal place value. Contexts such as sums, percentages, or confidence intervals also involve comparisons but in different ways.
Step-by-step explanation:
To determine which number is less than 4.703, we need to compare it to other numbers and consider their decimal places. If we have a number like 4.692, it is less than 4.703 because when comparing decimal numbers, we start from the left and go to the right until we find a difference. In this case, the first two digits (4.7) are the same, but the third decimal place shows that 9 is less than 0, making 4.692 less than 4.703.
If we were to apply this logic to larger numbers, such as in an addition example where 4200 + 540 equals 4740, we would say that this sum (4740) is greater than 4.703. When comparing numbers such as percentages or proportions, the context changes and so does the way we evaluate what is greater or less than a given value. For instance, saying that seventy percent of students answered 16 or fewer questions correctly involves comparing counts and percentages rather than straightforward numbers.
In statistics, when we say we are 95 percent confident that the true proportion is between two values, we're talking about a range, and while these values are not direct comparison points for 4.703, understanding how comparison works in different scenarios is beneficial.