Estimates are used to make prediction about an actual value
The chart is given as:
Fruit   Cost          Estimated
Apple  $1.75/pound   8.75
Orange $2.35/pound  9.40
Banana $1.50/pound   4.50
The number of pounds of each fruit Annie bought are:
[tex]Apples= 5[/tex]
[tex]Orange = 4[/tex]
[tex]Banana = 3[/tex]
(a) The estimated amount
To do this, we make use of the estimated column.
So, we have:
[tex]Estimated = \sum Cost \times Pounds[/tex]
[tex]Estimated =1.75*5+8.75*4+1.50*3[/tex]
Approximate the prices
[tex]Estimated =2*5+9*4+2*3[/tex]
[tex]Estimated =52[/tex]
Hence, Annie estimated spending $52
(b) The actual amount spent
To do this, we make use of the cost column.
So, we have:
[tex]Actual = \sum Cost \times Pounds[/tex]
[tex]Actual =1.75*5+8.75*4+1.50*3[/tex]
[tex]Actual =48.25[/tex]
Hence, Annie actually spent $48.25
(c) The decision
By comparison, the estimated spending is greater than the actual amount spent.
Hence, your estimation is an overestimation
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