Definition of guesstimate
What do you mean by guesstimate?
Definition of guesstimate
: an estimate usually made without adequate information.
Is guesstimate a real word?
Guesstimate is an informal English portmanteau of guess and estimate, first used by American statisticians in 1934 or 1935. It is defined as an estimate made without using adequate or complete information, or, more strongly, as an estimate arrived at by guesswork or conjecture.
What is another word for guesstimate?
other relevant words (noun) speculation (noun) supposition (noun) surmise (noun)
How do you use guesstimate in a sentence?
Guesstimate sentence example
I ‘d guesstimate the photo to be from the 1920s. A Migrationwatch study last August took their paper apart and provided a guesstimate of 40,000 a year. A rough guesstimate is that I currently experience 8+ serious bleeds a year.
Why is it called a portmanteau?
Why is it called a portmanteau? The French word portmanteau describes a two-part suitcase. It combines the words porte, which means “to carry,” and manteau, meaning “cloak.” Like the suitcase, a portmanteau word holds or carries the meaning of two or more words.
What are some examples of portmanteau words?
Examples in English include chortle (from chuckle and snort), smog (from smoke and fog), brunch (from breakfast and lunch), mockumentary (from mock and documentary), and spork (from spoon and fork). A portmanteau is a suitcase that opens into halves.
What is the word for an educated guess?
synonyms for make an educated guess
deduce. hypothesize. anticipate. assume. conclude.
What is the blended word of guess and estimate?
Guesstimate
Guesstimate. Guesstimate came into use in the beginning of the 20th century. The word is, rather obviously, a blend of guess and estimate. Some people look askance at blends, a class of word that has given us oft-disparaged words such as bridezilla and frenemy.
How do you answer guesstimate questions?
2. How to Answer Market-Sizing and Guesstimate Questions
- Step 1: Clarify all unclear terms in the question.
- Step 2: Break the number down into 3-5 small, easy-to-estimate pieces.
- Step 3: Estimate each piece using math and background knowledge.
- Step 4: Consolidate the pieces to arrive at the final result.
What is guesstimating in project management?
A Guesstimation is an approximate estimate method (guess and estimate) with limited information used for an initial planning.
What are guesstimate questions?
Guesstimate is the portmanteau of guess and estimate. “How many soaps are sold daily in India?”, “How many cups of coffee are being consumed daily in Delhi?”. These are some of the guesstimate questions. These can only be solved approximately based on the available information.
How do you pronounce guesstimate?
What is the difference between Guestimate and estimate?
An estimate is an approximate calculation or evaluation, and an estimation is the process of approximately calculating or evaluating. So an estimate is the result of estimation.
How many burgers Mcdonald’s sold a day guesstimate?
It is calculated that 144 Burgers in Peak hours and 60 Burgers in Non-peak hours. Thus, total Burgers sold from Takeaway: 144+60= 204 Burgers. Finally, Total number of Burgers sold: 710+204= 914 Burgers per day.
How many trees are there in the world guesstimate?
A recent estimate of tree counts performed by academics at Nature, an international science journal, found there to be three trillion trees across the globe.
How much does it cost to make a McDonald’s cheeseburger?
While food and packaging costs just 45 cents for a double cheese burger, franchisees also have to pay for rent, labor and utilities. In total, a promotional price of just $1 leaves store operators with a measly 6 cents of profit, according to a franchisee in Florida.
How many billion hamburgers has mcdonalds sold?
It’s estimated McDonald’s has served well over 300 billion hamburgers since its founding, but the company officially stopped keeping count somewhere around 1994, which is why the restaurant signs say either “Over 99 Billion Served” or “Billions and Billions Served.”
When did McDonald’s sell 1 billion hamburgers?
Over the years the chain has updated its signs to reflect the number of burgers sold: In 1963 the billionth burger was sold, live on the Art Linkletter TV show, no less. The number continued to rise: 5 billion in 1969, 15 billion in 1974, 30 billion in 1979, and 45 billion in 1983.
What is McDonald’s most profitable item?
I happen to know that the most profitable McDonald’s item in terms of profit percentage are soft drinks and french fries. The profit margin for a soft drink is about 90%. Meaning that if McDonald’s sells you a drink for $1, McDonald’s makes a profit of 90 cents.
Does McDonald have a secret menu?
Diehard fans have circulated online rumors of the secret menu’s existence for years, and a UK McDonald’s manager even confirmed the existence of certain items on social media in 2015. However, McDonald’s officially denies the existence of a secret menu.