yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

2 step estimation example


2m read
·Nov 10, 2024

We are told a teacher bought 12 sheets of stickers to use on the homework of her students. Each sheet had 48 stickers. At the end of the year, the teacher had 123 stickers remaining. Which is the best estimate for the number of stickers the teacher used?

So like always, pause this video and see if you can have a go at this before we work on this together.

All right, now let's work on this together. The first thing to appreciate is we just have to figure out an estimate; we don't have to figure out the exact number of the stickers that were used. Let's see if we can do that.

So let's see. We have 12 sheets of stickers, and each sheet had 48 stickers; 48 stickers per sheet. So how many stickers did the teacher start off with? Well, there were 12 sheets times the number of stickers per sheet, so times 48. This is going to be the number that they started off with.

Now, if we want to figure out the number that are used, we just have to figure out, okay, from the number that was started, how many are left over? And then that's how many were used. So how many were left? Well, 123 were remaining at the end of the year, so that's this number right over here.

If we calculate that first, the number to start, we subtract out the number that are remaining; then that will be equal to the number of stickers that the teacher used. Now, once again, we don't have to figure out exactly; we just have to estimate.

I'm just going to try to figure out friendlier numbers to work with. So instead of 12, let's imagine—actually, I'll stick with 12. 12 I can work with. But let's say that this is going to be approximately equal to—so in parentheses, instead of 48, I'll say it's roughly 50. So this is going to be approximately 12 times 50.

Instead of 123, I'll say that's roughly a friendlier number; it might be 120 or it might be a hundred. Let's just do 120. So minus 120. We could have done a hundred, and so we could figure out what this is in our heads or with a little bit of paper.

12 times 5 is 60, so 12 times 50 is 600. And then 600, if we had 100 here, 600 minus 100 would be 500, or 600 minus 120 is 480.

So what we want to do is look at the choice and see which of these choices is closest to roughly 500 or roughly 480. And so let's see, out of all of these, actually they have exactly 480, which is so they estimated exactly the way we happen to estimate.

Now, not every person is going to do that. We could have chosen, instead of 123 becoming 120 in our estimate, we could have put 100 there, and then we would have gotten 500. But even if 500 was our estimate, 480 still would have been the closest to that estimate.

More Articles

View All
Overview of the Roman Empire | World History | Khan Academy
When you hear of Ancient Rome or the Roman Empire, the Roman Republic, immediately images of the Roman legions come to mind. These conquering armies conquered much of the Mediterranean. You might have images of the Roman Senate; names like Julius Caesar a…
ROBINHOOD LOOPHOLE GIVES YOU INFINITE MONEY
Before I start this video, I want to make a very serious disclaimer. The purpose of this video is to describe a newsworthy event, the issues surrounding it, why it’s a bad idea to engage in this type of behavior, and bring to light a very serious issue so…
My thoughts on Robert Kiyosaki
What’s up you guys, it’s Graham here. So if you’re anything like me, you’ve noticed an unusually high amount of Robert Kiyosaki videos being recommended right now on YouTube. Like, it seems as though every single time I open up the homepage, there’s a fre…
What Is The Coastline Paradox?
I’ve been driving along Australia’s famous Great Ocean Road. And I’m stopped here near the Twelve Apostles, which are these big sandstone bluffs. Actually, there’s only eight of them left because the others have eroded over time. And erosion is really wha…
HOW TO MAKE EASY MONEY IN THE STOCK MARKET
What’s up? Grandma’s guys here! So, after a year patiently waiting and getting hundreds of comments, DMs, emails, letters, and smoke signals asking me how my stock market investments are doing, the time has finally come to reveal exactly how much money I …
Warren Buffett:The upcoming stock market collapse?
Warren Buffett’s favorite stock market indicator is flashing warning signs. Warren Buffett’s called The Oracle of Omaha for good reason, and it is not just pure intuition. He coined a certain metric called the Buffett indicator, and he has even gone as fa…