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Follow Up: Estimating Costs, Estimating Profits
- What amounts did Franklin estimate in order to decide if he could make a profit on this job?
- What mathematical operations did he use to make his decision?
- If you were offered $100 to clean a tile floor that has an area of 300 square feet, do you think you would do it? What would you need to know to make a decision?
- What estimates would you need to make?
- Could you give an example of a situation in which an estimate is useful?
- When would an exact calculation be more useful?
