Estimation · Chapter 1

Rough vs Exact: How Far Off?

Percent off and factor off are two ways to say how rough an estimate was. Factors treat high and low alike.

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Opens on Chapter 1’s example: Uncle Dez’s envelope estimate of 1,000 hours for the office move, against Hana’s spreadsheet’s 1,137.5.

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From the book, Chapter 1. Dez’s 1,000 hours was 12% low. An estimate of 600 against a true 1,000 is 40% low, a factor of 1.67; 3,000 against 1,000 is 200% high, a factor of 3.

Rounding is half up, the way the book rounds. Numbers can be typed as 1,450, $38, 12%, 1/20, 2.5 million or 3 × 10⁷. Everything stays in your browser: no sign-up, nothing stored or sent.