Accurate Quote by Alexander John Ellis
“Rounding to the nearest cent is sufficiently accurate for practical purposes.”
About This Quote
Source Statistical Treatise: On the Theory of Errors, 1885
Rounding to the nearest cent is sufficient for most everyday calculations, balancing precision and practicality.
In simple terms: Cent rounding is usually enough.
Key Takeaway
Use practical precision.
Themes
precision
practicality
statistics
Mood
analytical
practical
Type
technical
educational
When to use this quote
- budgeting
- pricing
- financial reporting
Key Concepts
error analysis
numerical methods
Questions to Reflect On
- When is greater precision necessary?
- What are the risks of over‑rounding?
A Different Perspective
High‑precision tasks may require finer granularity.
![“He [Groucho's father] had absolutely no training, and if you had ever seen one of his suits, you'd realize what an accurate statement that is. You see, Pop never used a tape measure. He didn't believe in it. He said he could just look at a man and tell hi.” quote by Groucho Marx](https://sms4smile.com/quotes/img-quotes/02f/groucho-marx-788_accurate_he-groucho-s-father-had-absolutely-no-tr_22161.jpg)
