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This variant of the round-to-nearest method is also called convergent rounding, statistician's rounding, Dutch rounding, Gaussian rounding, odd–even rounding, [6] or bankers' rounding. [ 7 ] This is the default rounding mode used in IEEE 754 operations for results in binary floating-point formats.
There are two common rounding rules, round-by-chop and round-to-nearest. The IEEE standard uses round-to-nearest. Round-by-chop: The base-expansion of is truncated after the ()-th digit. This rounding rule is biased because it always moves the result toward zero. Round-to-nearest: () is set to the nearest floating-point number to . When there ...
Prices are generally rounded to the nearest 10 won (though generally to the nearest 50 or 100 won in many stores apart from supermarkets), and cash payments are rounded to the same. In Ukraine , from 1 October 2019, the 1-, 2- and 5- kopiyka coins were demonetized and withdrawn from circulation, with the 25-kopiyok coin softly withdrawn.
Alternative rounding options are also available. IEEE 754 specifies the following rounding modes: round to nearest, where ties round to the nearest even digit in the required position (the default and by far the most common mode) round to nearest, where ties round away from zero (optional for binary floating-point and commonly used in decimal)
A round number is an integer that ends with one or more "0"s (zero-digit) in a given base. [1] So, 590 is rounder than 592, but 590 is less round than 600. In both technical and informal language, a round number is often interpreted to stand for a value or values near to the nominal value expressed.
The usual practice is for the customer to round the price to the nearest higher "nice number" so as not to have to handle small coins, and to tell the waiter what amount to round the price to. The resulting tip tends to be around 10%, but this is not a hard and fast rule.
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