Numerical values are symbols that represent quantities or amounts. They can be whole numbers, fractions, or decimals, and are used in various fields such as mathematics, science, and finance. For example, the number 5 indicates a quantity of five items, while 3.14 represents the numerical value of pi, which is essential in geometry. These values help us perform calculations, compare sizes, and analyze data. In everyday life, we encounter numerical values when measuring distances, counting objects, or managing budgets. Understanding numerical values is crucial for making informed decisions and solving problems effectively.