Let us say that we have estimated the value of some constant $S$ as a number $T$ with $|S-T|<0.001$. Does this mean that the number $T$ is correct to $3$ decimal places? My textbook seems to indicate so.
My concern is that the numbers at the first $3$ decimal places of $S$ might not be the same as the first three decimal places of $T$ even though $|S-T|<0.001$.
Consider the following example. $S=3.14159...$ , $T=3.1409$. In this case $|S-T|<0.001$. The third decimal places of $S$ and $T$ do not match. Yet do we say that $T$ is correct to $3$ decimal places?