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The definition of estimate
7 Definitions of: estimate
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- verb, to form an approximate idea of (distance, size, cost, etc); calculate roughly; gauge
- verb, to form an opinion about; judge
- verb, to submit (an approximate price) for (a job) to a prospective client
- verb, statistics to assign a value (a point estimate) or range of values (an interval estimate) to a parameter of a population on the basis of sampling statistics. See estimator
- noun, an approximate calculation
- noun, a statement indicating the likely charge for or cost of certain work
- noun, a judgment; appraisal; opinion
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From Collins
©HarperCollins 2008. Collins English Dictionary definition of estimate