Ballpark figures Abbr Crossword Clue Answers, Crossword Solver

Because a ballpark estimate is only a guess, it should not be considered etched-in-stone. Ballpark figures have been known to differ by as much as 50% to 80% from the final figures. Ballpark figures are used to describe a rough numerical estimation or approximation of the size or value of something that is uncertain. In accounting, they are a rough but reasonable estimate of the worth of something that is otherwise unknown. Salespeople, accountants, and other professionals frequently utilize ballpark estimates to forecast present or future results. Given a specific rate of growth, a financial advisor may use a ballpark figure.

There is a plaque detailing the ballpark’s history, near the drive-up window which is positioned near what was once the center field corner. Others built ballparks in the suburbs, typically with large parking areas. The first temporary ballparks were not actually used by expansion teams but by established franchises. Teams are now trending away from the retro-classic look and are instead building retro-modern and contemporary ballparks. However, many fans support organs at ballparks, believing it to be a traditional aspect of the game.

ball park figures

For example, a well-defined conclusion and a project duration of 100 hours or fewer. When you get above 100 hours of work, the margin for error begins to sneak in. As a result, such estimations may become seriously wrong unless they are done extensively.

Ballpark-figure sentence example

A salesperson could use a ballpark figure to estimate how long a product a customer was thinking about buying might be viable. Merriam-Webster does not mark the noun or adjective uses of ballpark to mean approximation or approximately correct as informal. It does mark the verb use, to make a rough estimate, as informal. So in Webster’s eyes, the first two have become normalized for broad usage, but the latter has not. 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.

When the actual measurement, size, or amount of something cannot yet be decided, ballpark figures are used. They are useful for planning purposes and to move negotiations forward. For example, determining how much food and beverages will be required for a wedding reception. Or, estimating how long it will roughly take to pay off a new purchase. Strangely, the meaning of the term is for a general estimate, but baseball is a sport driven by accurate statistics and record keeping. Anyhow, the first use of “ballpark figure” goes back to around 1962.

Accordingly, the ballparks were expanded, sometimes by building outfield seating which shrunk the size of the outfield and made home run hitting more practical. The monthly costs of cable and satellite service are generally in the same ballpark for comparable packages. A modified gross lease is a rental agreement where the landlord and tenant share the responsibility of paying a property’s operating expenses. In general, the tenant pays base rent but also bears a proportional amount of the property’s other expenditures. For example, property taxes, utilities, insurance, and maintenance.

  • Corporate buzzwords have always been a part of workplace vocabulary.
  • Using a “ballpark figure” in the board room during a presentation would probably give an impression of inaccuracy or uncertainty.
  • Like how many people are expected to be early adopters of new technology.
  • In the next sections, we will see examples of ballpark figures as used in different areas of finance, such as time value of money, derivatives, real estate, and more.
  • It is important to note in valuing options that all inputs can be observed except volatility, which must be estimated.
  • We found 19 solutions for Ballpark Figure.The top solutions is determined by popularity, ratings and frequency of searches.

The purpose would be to forecast the retirement nest egg a customer would have at some time in the future. A salesman may use a ballpark number as a sales estimate to predict the potential demand a factory should prepare for in the coming period. While ballpark figures are used frequently and can be helpful in establishing a baseline for discussion, they should be treated as nothing ball park figures more than estimates; they are not hard numbers. These figures are frequently blown out of proportion by salespersons and other professionals who must use persuasion to generate income or close deals. Major business and financial decisions should probably not be made based on these numbers; however, they could first serve as estimates to be refined through more thorough analysis.

Slang terms with the same meaning

For another consideration, the principal meaning of ballpark is a field used to play baseball, and as a metaphor it was first popularized in U.S. military slang. As you might expect, it is much more commonplace in American English compared to other varieties, borne out by the NGram. The phrase is an adaptation of the earlier “in the ballpark,” also used to ask someone for an estimate of a specific number or price in the ballpark. The phrase is also slang or colloquial saying, and it applies more to informal than formal settings. Similarly, for the ERP, a consensus estimate is used to do the calculations instead of doing the statistical work to compute it from raw data.

ball park figures

We found 19 solutions for Ballpark Figure.The top solutions is determined by popularity, ratings and frequency of searches. The people who are involved in the violence, they figure out ways to remain here at all costs and continue causing trouble. All intellectual property rights in and to Crosswords are owned by The Crossword’s Publisher.

Phrases Similar to Ballpark Figure

Customers were expected to include airport terminals, ballparks, train stations, etc. The home run would not have cleared the fence at any of the other 29 ballparks in baseball. DisclaimerAll content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only.

ball park figures

The figure below summarizes the two methods and their results. As the chart below illustrates, the rule of 72 is an excellent estimate when compared to the actual value computed using the NPER function in Excel. A back-of-the-envelope calculation is an informal mathematical computation, often performed on a scrap of paper such as an envelope. Peggy James is a CPA with over 9 years of experience in accounting and finance, including corporate, nonprofit, and personal finance environments. She most recently worked at Duke University and is the owner of Peggy James, CPA, PLLC, serving small businesses, nonprofits, solopreneurs, freelancers, and individuals. Their opportunities and earnings are relatively small, and in order to live they must figure closely.

The word usage examples above have been gathered from various sources to reflect current and historical usage. In the summary intended for the general public some more informal language would be welcome. @Criggie The text is going to be an International version of english language. English Language Learners Stack Exchange is a question and answer site for speakers of other languages learning English. This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution.

Understanding Ballpark Figures

3- It seems rather informal in the context of the rest of the article. Connect and share knowledge within a single location that is structured and easy to search. All idioms have been editorially reviewed, and submitted idioms may have been edited for correctness and completeness.

Because it is computed by estimating a variety of factors, the GVW provides only a ballpark figure for the weight of your car. This helps give people a ballpark figure to work with, and they are more likely to give. These are good to give you a ballpark figure to expect, however, they won’t reflect your exact payment.

There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Quickly project the viability of your idea without having to build a full-blown business case. Add ballpark to one of your lists below, or create a new one. Celebrity chefs will occasionally make appearances at the ballpark’s restaurants and help prepare food for fans in premium seating over the course of the season.

While most receptionists are hesitant to confirm pricing without an individual consultation, you can get a ballpark figure of cost by being straightforward about your plans and expectations. The explicit approach is to run a regression of stock returns against the market returns. However, it leads to discrepancies in the estimates of beta due to the data used (daily or weekly returns, length of history, etc.).