eg In Antarctica, there are hundreds of thousands of penguins. maybe 200,000, maybe 300,000 maybe 400,000, etc. But such expressions are usually just approximations, and indeed often just mean 'a lot'.
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They meant that 1,000 (100)times is 100,000. similar to how hundreds of pugs is equal to 100+ of pugs. The confusing part about the explanation is that you're using numbers to describe the quantity of other numbers. And since their is a huge gap between 1,000 and 1,000,000 we describe estimates in between those numbers such as 10,000 , 50,000 , ect... In this circumstance we know that there ar