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Aug 21, 2024 · A ballpark figure is a rough estimate given to understand the value of something which can help in taking important decisions. It is considered a logical measurement that accounts for a margin of error. For example, if one asks, “how many people does the baseball stadium fit?”
A BALLPARK FIGURE definition: an approximate figure or quantity | Meaning, pronunciation, translations and examples.
Nov 21, 2020 · 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...
What is a Ballpark Figure? A ballpark figure is a close estimate of the actual value of a variable. It is typically computed using a simple approximation instead of going about the actual computation process, which is more complicated.
A ballpark figure is a rough approximation value of something otherwise unknown and is used for making important decisions. For example, the margin of error is already accounted for in the figure while explaining them to numerous stakeholders. These figures aren't restricted and are used across various professions.
A ballpark figure is an estimate, within a reasonable range of accuracy. What's the origin of the phrase 'Ballpark figure'? The ballpark being referred to is a baseball stadium – commonly called a ballpark in the USA. The origin of the expression ‘ballpark figure’ is, as. you might expect, a ballpark, or baseball stadium.
An acceptable, roughly accurate approximation, as in I know you can't tell me the exact cost; just give me a ballpark figure . This term alludes to a baseball field, which is always an enclosed space.
Sep 29, 2020 · A ballpark figure is not the same as a written estimate or a good faith estimate, which provides detailed costs and is meant to provide reliable disclosure to a customer. Why Does a Ballpark Figure Matter? Ballpark figures help people get a sense of what things cost.
You can use "Ballpark Figure" when you want to get an approximate or rough estimate of something. It implies that you don't need an exact number, but rather a general idea or range. For example, if you're discussing the cost of a project with a contractor, you might say, 'Can you give me a ballpark figure of how much the project will cost?'
Nov 24, 2021 · A ballpark figure means to give someone a rough estimate. You could be estimating everything from the size of a baseball stadium to betting odds or a quote on a new swimming pool for your yard. The term ballpark figure applies to many different situations, and it's a common phrase used in modern language – you probably use it yourself.
