There are many situations where it is not necessary to give an exact number. For example, if there are \(54785\) people living in a town, you could say that the population is approximately \(55000\). ...
When it’s not necessary to give an exact value, numbers can be rounded. Rounding means making a number simpler but keeping its value close to what it is. When rounding numbers the result is less ...
The method used to round numbers in accounting may portray an accurate or inaccurate appraisal of a company's financial condition. The amount of error increases with ...
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