To determine which of the given numbers has the least value, we can convert each of them into scientific notation.
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123,893 \[ 123,893 = 1.23893 \times 10^5 \]
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31,892 \[ 31,892 = 3.1892 \times 10^4 \]
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12,786 \[ 12,786 = 1.2786 \times 10^4 \]
Now, we compare these expressions:
- \(1.23893 \times 10^5\) for 123,893
- \(3.1892 \times 10^4\) for 31,892
- \(1.2786 \times 10^4\) for 12,786
Since \(10^5\) (which equals 100,000) is greater than both \(10^4\) (which equals 10,000), we will convert the first number's exponent to match the others for easier comparison:
- \(1.23893 \times 10^5 = 12.3893 \times 10^4\)
Now we can compare all three numbers:
- \(12.3893 \times 10^4\) for 123,893
- \(3.1892 \times 10^4\) for 31,892
- \(1.2786 \times 10^4\) for 12,786
It's evident that \(1.2786 < 3.1892 < 12.3893\).
Therefore, the number with the least value is:
\[ \boxed{1.2786 \times 10^4} \] (for 12,786).