Absolute value inequalities model any situation where we need to specify an acceptable range or tolerance around a target value, making them essential in science, engineering, and quality control.
Manufacturing and Quality Control
A bolt manufacturer requires bolt diameters to be 10mm ± 0.05mm. This tolerance is expressed as |d - 10| ≤ 0.05, where d is the actual diameter. Solving gives 9.95 ≤ d ≤ 10.05, defining the acceptable range for production.
Similarly, electronic components often have resistance tolerances. A 100Ω resistor with ±5% tolerance must satisfy |R - 100|/100 ≤ 0.05, ensuring reliability in circuit design.
Scientific Measurements and Error Analysis
Laboratory measurements include uncertainty. If a chemical concentration is measured as 2.5 ± 0.1 mol/L, the true concentration c satisfies |c - 2.5| ≤ 0.1, giving the confidence interval 2.4 ≤ c ≤ 2.6.
Financial and Economic Modeling
Investment portfolios use absolute value inequalities to model acceptable risk ranges. If a target return is 8% with maximum deviation of 2%, the acceptable return r satisfies |r - 0.08| ≤ 0.02.