After discount, the price of the item is $24.00
if it has a diameter of 8, that means its radius is half that, or 4.
![\bf \textit{volume of a cone}\\\\ V=\cfrac{\pi r^2 h}{3}~~ \begin{cases} r=radius\\ h=height\\[-0.5em] \hrulefill\\ r=4\\ h=5 \end{cases}\implies V=\cfrac{\pi (4)^2(5)}{3}\implies V=\cfrac{80\pi }{3} \\\\[-0.35em] \rule{34em}{0.25pt}\\\\ ~\hfill \stackrel{using~\pi =3.14}{V= 83.7\overline{3}}~\hfill](https://tex.z-dn.net/?f=%20%5Cbf%20%5Ctextit%7Bvolume%20of%20a%20cone%7D%5C%5C%5C%5C%0AV%3D%5Ccfrac%7B%5Cpi%20r%5E2%20h%7D%7B3%7D~~%0A%5Cbegin%7Bcases%7D%0Ar%3Dradius%5C%5C%0Ah%3Dheight%5C%5C%5B-0.5em%5D%0A%5Chrulefill%5C%5C%0Ar%3D4%5C%5C%0Ah%3D5%0A%5Cend%7Bcases%7D%5Cimplies%20V%3D%5Ccfrac%7B%5Cpi%20%284%29%5E2%285%29%7D%7B3%7D%5Cimplies%20V%3D%5Ccfrac%7B80%5Cpi%20%7D%7B3%7D%0A%5C%5C%5C%5C%5B-0.35em%5D%0A%5Crule%7B34em%7D%7B0.25pt%7D%5C%5C%5C%5C%0A~%5Chfill%20%5Cstackrel%7Busing~%5Cpi%20%3D3.14%7D%7BV%3D%2083.7%5Coverline%7B3%7D%7D~%5Chfill%20)
Answer:
Estimation is a mental process of coming up with an answer that is relatively close, to allow decisions to be made. The types of estimation are quantity, computation and measurement.
An estimation strategy is simply coming up with a good estimate based on evidence and already known facts. Coming to a conclusion as close to the real answer as you can. It can also be called an educated guess.
