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What does miscalculate mean?

Looking for the meaning or definition of the word miscalculate? Here's what it means.

Verb
  1. To calculate incorrectly.
  2. To make a gross error in judgement.
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Examples
There is growing evidence that insurers routinely miscalculate how much compensation is due.
Without such information franchisees might seriously miscalculate their costs in operating the business.
Make sure that you measure your fabric properly, it would be sad if you miscalculate and don't have enough fabric to finish the entire project.
Given the size of China's population, it would be easy to miscalculate the numbers by a few million here or there.
It's not unusual for someone to miscalculate and bounce a number of cheques in a row.
He also added that he believes that it is essential that the leadership of the People's Liberation Army do not miscalculate in this situation.

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