Not exactly relevant when all you're concerned with is determining whether or not someone can "estimate the answer without any specialised knowledge". But, then again, why would you only be concerned with something so trivial?
Not exactly relevant when all you're concerned with is determining whether or not someone can "estimate the answer without any specialised knowledge". But, then again, why would you only be concerned with something so trivial?
An imbalance of supply can increase/decrease the population by maybe as much as 2x (or .5x). An order of magnitude can be the difference between a market that's worth considering and one that's too small to currently be serviceable.
This is important because in business getting a right(ish) answer quickly is often more important than getting a precisely correct answer slowly. While you're measuring precise supply and demand, FermiCo has already concluded that the market is too small and moved on.
p.s. irregardless is a great word.