I agree with David: impossible to say. You'll have to make a usage profile. How many hours of usage during a day? And when it's in use, does it transmit all the time?
Say you want to use it for fitness (one of the suggested usages), for instance to transmit heart rate. How long is that? 3 hours a day? Your update rate doesn't have to be high, once a second is enough. The device wakes up from low-power mode in a "few hundred microseconds" (that's a dangerous spec) and let's say you need 10 ms to transmit a new measurement. Then your duty cycle is
\$ d.c. = \dfrac{3}{24} \cdot \dfrac{10ms}{1s} = 0.125 \% \$
Then average current is
\$ I = 47mA \cdot 0.125\% = 58.75\mu A \$
That's 27mA for the transmitter, 20mA for the reciever (sic Josh, I didn't see that figure anywhere). We'll ignore standby current. (This is an estimation, you can't make exact calculations.)
Let's say an AAA NiMH battery has a capacity of 1000mAh, then the batteries should last two years. In practice that will be a lot less because of the battery's self-discharge, but you have an idea.
Bottom line: it depends on usage. Josh used it continuously, and his batteries were dead after a day. Make a usage profile.