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The lower bound is the smallest value that would round up to the estimated value. The upper bound is the smallest value that would round up to the next estimated value.
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The lower bound is the smallest value that would round up to the estimated value. The upper bound is the smallest value that would round up to the next estimated value. They can also be called limits of accuracy. The upper and lower bounds can be written using error intervals. For example,
Lower bound: a value that is less than or equal to every element of a set of data. Upper bound: a value that is greater than or equal to every element of a set of data. Example: in {3,5,11,20,22} 3 is a lower bound, and 22 is an upper bound.
What are upper and lower bounds? The upper and lower bounds of a rounded number are the biggest and smallest values that the number could have been before it was rounded. We often round numbers to a given degree of accuracy, for example to the nearest 1010 or to 11 decimal place.
Illustrated definition of Lower Bound: A value that is less than or equal to every element of a set of data. Example: in 3,5,11,20,22 3 is a lower...
An upper bound is said to be a tight upper bound, a least upper bound, or a supremum, if no smaller value is an upper bound. Similarly, a lower bound is said to be a tight lower bound, a greatest lower bound, or an infimum, if no greater value is a lower bound.
Upper and lower bounds play a pivotal role in mathematics, offering a way to define the limits within which a given value must lie. Upper bounds refer to the maximum value that a set of numbers can reach, while lower bounds signify the minimum possible value in that set.