Would you like to inspect the original subtitles? These are the user uploaded subtitles that are being translated: 1 1 00:00:00,750 --> 00:00:02,550 Now, let's look at the practical essentials 2 2 00:00:02,550 --> 00:00:05,593 of everyone's favorite subject, estimating. 3 3 00:00:07,080 --> 00:00:09,530 First, let's try an exercise 4 4 00:00:09,530 --> 00:00:11,960 that demonstrates that an estimate with any analysis 5 5 00:00:11,960 --> 00:00:15,123 behind it at all can come surprisingly close. 6 6 00:00:16,330 --> 00:00:19,570 For example, your mission is to estimate 7 7 00:00:19,570 --> 00:00:22,393 the number of piano tuners in the city you live in. 8 8 00:00:23,740 --> 00:00:25,960 You have no input information at all, 9 9 00:00:25,960 --> 00:00:27,363 no consulting the internet. 10 10 00:00:28,930 --> 00:00:32,270 How can you break down the analysis? 11 11 00:00:32,270 --> 00:00:34,363 What is the estimate based on? 12 12 00:00:35,570 --> 00:00:37,543 Pause the video, and give it a shot. 13 13 00:00:41,052 --> 00:00:43,350 Now that you have structured the estimate, 14 14 00:00:43,350 --> 00:00:45,263 how close do you think it actually is? 15 15 00:00:46,980 --> 00:00:49,760 Imagine if you were able to research the estimate 16 16 00:00:49,760 --> 00:00:52,060 and base it on some hard data, 17 17 00:00:52,060 --> 00:00:54,360 can you see that estimates with any analysis 18 18 00:00:54,360 --> 00:00:56,793 behind them can get very close? 1546