Yes, fermi problems are important because they help us develop critical thinking skills and problem-solving abilities. Many real-world problems can be broken down into smaller, more manageable parts using fermi problem techniques.
No, fermi problems can be applied to a wide range of subjects and industries. They can be used in business, economics, politics, and even everyday decision making.
Yes, fermi problems are designed to be solved using logical reasoning and estimation techniques rather than relying on specific knowledge or equations. However, some background knowledge can make the problem easier to solve.
Fermi problems can help us make more informed decisions by breaking down complex problems into smaller, more manageable parts. They also encourage thinking outside the box and considering multiple solutions.
One potential disadvantage is that fermi problems rely on estimation and assumptions, which may not always be accurate. They also do not provide precise solutions and can sometimes lead to incorrect conclusions if the estimations are too far off.