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
Where Do Great Startup Ideas Come From? – Dalton Caldwell and Michael Seibel
In all three of these cases, these folks had the problem they had experience with, and in hindsight, there was an obvious opportunity to make something 10x better. But most people thought they were idiots, and that’s probably the overarching theme. They h…
The FED Just Broke The Market | Dollar Crisis Explained
What’s up guys, it’s Graham here. So, despite the Federal Reserve’s best attempt to bring down prices, as of yesterday, inflation came in at a whopping 8.2 percent, which was significantly higher than expected and a sign that things might continue getting…
The Best Way to Move Mountain Goats? Helicopters. | National Geographic
[Music] [Applause] [Music] So the way we catch goats is we don’t tranquilize them at all. They just, what they do is they take a helicopter and they fly until they find a goat. They can have it in an area that’s relatively flat; they can catch it, and the…
Watch Famous Ponies Swim in Chincoteague Island Tradition | National Geographic
[Music] There’s nothing else that I found that makes me as excited as I am to do this. You can’t ride roller coasters that give you this feeling. You can’t go other places and see anything like this. This is unique to here. We start on a Saturday. We wil…
The Bike Riding Monk | Uncensored with Michael Ware
[music playing] MICHAEL: Russian Orthodox Christianity runs deep within the Night Wolves motorcycle club. They even have their own bike riding monk, a chaplain called Father Guriy. How can I resist? I have to meet him. Oh, Father Guriy himself. Ah, than…
HOW TO INVEST $100 IN 2024 (THE 5 BEST WAYS)
What’s up, you guys? It’s Graham here. So yes, the title you read is correct: how to invest your first $100. Yes, I said it, $100! Everyone else out there has made videos on how to invest your first $1,000, how to invest your first $10,000, how to invest …