Though we can get it's exact number , we have to estimate the result.
My Attempt: $301 \approx 300$ and $\frac{16}{7} = 2\frac{2}{7} \approx 2\frac{2}{8} = \frac{9}{4} $
So $\frac{301}{\frac{7}{16}} \approx \frac{300 \times 9}{4} = 675$
Can anyone give any better method?

I have no idea what "excellent number sense" is, but if you showed me that calculation and said "you have 3 seconds to estimate the result", my estimate would be "about $630$".
My reasoning would be