The lower bound is 950 and the upper bound is 1050 when the number 1000 has been rounded to the nearest 100.
What are the lower and upper bound?
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.
Here the number 1000 is rounded to the nearest 100 will be:
The Lower bound will be 950.
The Upper bound will be 1050
Hence the lower bound is 950 and the upper bound is 1050 when the number 1000 has been rounded to the nearest 100.
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