Why is it called a ballpark estimate?
The origin of this phrase comes from how a commentator would give an estimate of the number of audiences by just looking around. Speculated to have started in America through baseball but it is now a popular way of speaking throughout the world.
What is a ball park offer?
To be close to a specific cost or amount. I will only sell the house if the buyer’s offer is in the same ballpark as the price I want to get.
How accurate is a ballpark estimate?
Because a ballpark estimate is a rough guess, it should not be taken with much authority. Ball park estimates have been known to vary substantially from a “Detailed Estimate” by as much as 50%-80% because of the many unknowns within the project. These errors are common in ballpark estimates.
Where does ball park figure come from?
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 do you mean by a ball park figure?
Meaning: A general idea of something; an estimate. Example: I’m not sure how much a flight to Bali would cost, but the website should give you a ball park figure.
What is ball park figure?
A ballpark figure is a rough statistical estimate or an estimate of value otherwise unknown. Accountants, salespersons, and other professionals commonly use ballpark figures to estimate current or future results.
Can I get 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 do you use ballpark?
In-the-ballpark sentence example Many builders and contractors will give a free estimate; have them take a peek at your plans to let you know if they’re in the ballpark you thought they were before you begin. For a simple slouchy fabric bag for a small designer, you may pay in the ballpark of $60 to $80.
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 is ball park estimate?
A Ball Park Estimate is an approximate or rough estimate (Refer to a ROM (Rough Order of Magnitude) Estimate).
What does ballpark estimate mean?
A ballpark estimate is a term used to identify an approximation of an outcome that is based on the information that is readily available to the person or group who is making the estimate.
What does Ball Park mean?
ball·park | ˈbȯl-ˌpärk . (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.
