German Tank Problem
en.wikipedia.org
en.wikipedia.org
Neither is correct, in that neither gives the actual objective truth. Both are correct, in that they both give you estimates that can only be incorrect if they give a zero probability to the actual objective truth.
Even statistically, assume the true value is 0. Is "2 ±5" or "1 ±7" the better estimate? Assume the methods used to derive them consistently yield similar estimates. Which one is the correct method?
Then why call them estimations?