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The phrase a rule of thumb is best understood to mean?

An approximate method or principle.

The phrase "a rule of thumb" is often used to describe a general principle or rule that is not necessarily based on scientific evidence or precise measurements. It is a way of saying that something is generally true or accepted, but not always exact. For example, you might say that "as a rule of thumb, you should drink eight glasses of water a day" or that "a rule of thumb for tipping is to give 15-20% of the bill." In these cases, the phrases are used to indicate that these are general guidelines, not hard and fast rules.

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