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There Are Other Ways of Expressing Uncertainty Besides Significant Figures

question 30

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There are other ways of expressing uncertainty besides significant figures.For example,suppose a quantity is known to have a value between 20.4 and 20.0,and our best estimate of the value is midrange at 20.2.We could write the number as 20.2 +/− 0.2 and say that the number has a 1% uncertainty.We would also say it has 3 significant figures.If we square a number with 1% uncertainty and 3 significant figures,what results?


Definitions:

Market Implementation

involves putting into action a plan or strategy aimed at capturing a target market segment or achieving sales goals.

Government Policy

The strategies and actions taken by a government to manage its affairs and meet objectives in various areas, including economic, social, and foreign policy.

Producer Surplus

The variation between anticipated seller revenue for a good or service and the eventual financial return.

Government Funds

Financial resources collected and disbursed by the government, including taxes, fees, and revenue from owned assets.

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