123k views
1 vote
Examine the method you used to estimate in the previous question. How does the estimate compare to the actual amount? Explain.

Step 1: Round $94 to 90.

Step 2: Round 12% to 10%.

Step 3: 12% of $94 is about 9.​

User Scagood
by
6.1k points

2 Answers

2 votes

Answer: here’s the answer let me explain

Step-by-step explanation: The method used to estimate in the previous question involves rounding both the dollar amount and the percentage. Let's examine each step: Step 1: Round $94 to 90. In this step, the original dollar amount of $94 is rounded down to the nearest tens place, which is 90. This step simplifies the calculation and makes it easier to work with. Step 2: Round 12% to 10%. In this step, the original percentage of 12% is rounded down to the nearest tens place, which is 10%. Similarly to Step 1, rounding down simplifies the calculation and helps to estimate a smaller percentage. Step 3: 12% of $94 is about $9. Using the rounded figures from Step 1 and Step 2, we calculate 10% of $90, which is $9. This step provides an estimate of the amount based on the rounded figures. Now, let's compare the estimate to the actual amount. The actual amount would be the result of calculating 12% of $94 without rounding. To calculate the actual amount, we multiply 12% (0.12) by $94: 0.12 x $94 = $11.28 Comparing the estimate ($9) to the actual amount ($11.28), we can see that the estimate is slightly lower than the actual amount. This is because rounding down in Steps 1 and 2 caused some reduction in the estimated value. In summary, the estimate of $9 is slightly lower than the actual amount of $11.28. Rounding down in Steps 1 and 2 contributed to this difference.

User Oleksandr Buchek
by
5.6k points
3 votes

Answer:

Both $94 and 12% were rounded down, so the estimate will be less than the actual amount.

i did this on edg 2021

ur welcome!!!

User Ghazni
by
5.3k points