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The actual cost of an item is 98.50 one student estimated the cost to be 96.60 and the othe student estimated it to be 100.50 whose estimate is closer to the actual cost?
Wiki User
∙ 14y ago
To find the better estimate, first find the distance between each estimate and the true cost.
98.50-96.60 = 1.90
100.50-98.50 = 2.00
The lower estimate, 96.60, is closest.
Wiki User
∙ 14y ago
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