Quick Answer: What Is Ballpark Estimate?

What does ballpark estimate mean?

A ballpark figure is a rough numerical estimate or approximation of the value of something that is otherwise unknown.

Ballpark figures are commonly used by accountants, salespersons, and other professionals to estimate current or future results..

Why is it called ballpark estimate?

A: Okay, well, it’s as American as it sounds – named after the baseball stadium, which was first called a ballpark in the 1890s. A “ballpark figure/estimate” means an off-the-cuff guess.

What are the three basic types of cost estimating?

Nonetheless, there are three types of cost estimation classified according to their scope and accuracy. These are (1) order of magnitude estimate; (2) budget estimate; and (3) definitive estimate.

What is a rough estimate?

A Rough Cost Estimate is an initial estimate that uses prior experience and other non-project data to estimate the cost of a project. It is also called a Rough Order of Magnitude (ROM) estimate, or a Conceptual Estimate. … Usually it is not yet funded, and the primary parts of the project are not designed.

What does out of the ballpark mean?

In the ballpark and hit one out of the ballpark are two American idioms that seem like they would have opposite meanings, but in fact have definitions that are unrelated. … To hit one out of the ballpark means to score a resounding success, to accomplish a significant achievement.

What means get in?

intransitive to arrive at home or at work. You got in very late last night! Mark never gets in before 9.30. Synonyms and related words.

What is a ballpark?

(Entry 1 of 3) 1 : a park or stadium in which ball games (such as baseball) are played. 2 : a range (as of prices or views) within which comparison or compromise is possible.

Can you give me a ballpark?

A “ballpark” is a rough estimate. In other words, it’s a guess about an amount that’s close to the correct number, but not exact. If two locations are within the same ball park, then they’re not exactly close to each other, but they’re not too far away either. …

How much is a ballpark number?

A ballpark estimate or figure is a number that is a guess, but one that you believe is near the correct number: We’ll have to go away and cost this carefully, but as a ballpark figure I’d say that it’ll be about two million dollars.

How many are in a ballpark?

a ballpark estimate But what are we talking about here — a few thousand, millions, two bucks? Give me a ballpark figure. I think just in a ballpark estimate — about 60-40. Sixty would support, 40 percent would be opposed.

How many hot dogs are in a ballpark package?

Ballpark Ball Park Beef Franks, 15 Oz (4 Pack) 32 Total Hotdogs, BlackBrandBallparkSize15 Ounce (Pack of 4)Weight15 Ounces