I don't recall ever being marked down for failing to obtain the "correct" result the impression I came away with was so long as you were thorough in your discussion and analysis the exact result was less important.
I can remember my second year thermodynamics class had a fairly complicated lab which involved taking measurements from inflow and outflow of various heat exchangers in a variety of configurations (Counter flow, Cross flow etc) then computing the efficiency of each configuration. I recall getting into minutiae in the report about assumed friction factors and suggested methods to asses the smoothness of the pvc pipes etc. to improve the accuracy of calculations etc.