The document discusses numerical methods and their applications. It provides definitions of numerical methods as procedures for solving problems with computable error estimates. Some common numerical methods are listed, including bisection, Newton-Raphson, iteration, and interpolation methods. Applications mentioned include root finding, profit/loss calculation, multidimensional root finding, and simulations. An example is given of using numerical methods for image deblurring. The document also discusses computational modeling, algorithm development and implementation, and limitations of computers in solving mathematical problems.