#### Answer

Exact: $44\frac{1}{3}$
Estimate: $48$

#### Work Step by Step

Exact:
$5\frac{5}{6}\times7\frac{3}{5}$
$=\frac{35}{6}\times\frac{38}{5}$
$=\frac{7}{3}\times\frac{19}{1}$
$=\frac{133}{3}$
$=44\frac{1}{3}$
Estimate:
$5\frac{5}{6}\times7\frac{3}{5}$
$\approx6\times8$
$=48$