With the aid of diagrams, explain the terms "wants" and "voids". Also, explain the need for understanding these terms in the context of measurement.

Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)
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ISBN:9781305084766
Author:Saeed Moaveni
Publisher:Saeed Moaveni
Chapter20: Engineering Economics
Section20.8: Excel Financial Functions
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With the aid of diagrams, explain the terms "wants" and "voids".
Also, explain the need for understanding these terms in the context of
measurement.
Transcribed Image Text:With the aid of diagrams, explain the terms "wants" and "voids". Also, explain the need for understanding these terms in the context of measurement.
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