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> I could go on: the point is, there are many situations where an estimate is required.

Please do! I'd find it really valuable. (Not necessarily OP. I'm happy to hear from others as well.)

Billing a customer for a feature they want. How much you charge the customer is going to depend on how many dev hours it will take. An accurate estimate is necessary in order to give come up with the appropriate price to charge them. Name a price that's too low, and you end up losing money on devs' salaries. Name a price too high and the customer walks away from the table

That sounds like freelance work, not product development. Am I mistaken?

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