estimating

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estimating

the process of judging the probable expenditure to be incurred in making a product, as a basis for setting a product price. Estimating is generally less detailed and accurate than COSTING where actual costs of jobs are ascertained, but it may suffice in quoting a price for a job.

References in classic literature ?

A NEGRO in a boat, gathering driftwood, saw a sleeping Alligator, and, thinking it was a log, fell to estimating the number of shingles it would make for his new cabin.

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The natural formation of the country is the soldier's best ally; but a power of estimating the adversary, of controlling the forces of victory, and of shrewdly calculating difficulties, dangers and distances, constitutes the test of a great general.

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I have not had so many opportunities of estimating the minuter propensities of his mind, his inclinations and tastes, as you have; but I have the highest opinion in the world of his goodness and sense.

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Estimating the negroes in the proportion of three fifths, it can scarcely be doubted that the population of the United States will by that time, if it does not already, amount to three millions.

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In these simultaneous observations they thought themselves justified in estimating the minimum length of the mammal at more than three hundred and fifty feet, as the Shannon and Helvetia were of smaller dimensions than it, though they measured three hundred feet over all.

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For a time that scared me; but any concession would have shortened our chance of escape beyond estimating. I defied him, although I felt no assurance that he might not do this thing.

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Estimating the size of the creature by comparison with the diameter of the large trees near which it passed -- the few giants of the forest which had escaped the fury of the land-slide -- I concluded it to be far larger than any ship of the line in existence.

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"Variation and deviation are used in setting courses and estimating dead reckoning."

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This was rather a coarse mode of estimating Silas's relation to Eppie; but we must remember that many of the impressions which Godfrey was likely to gather concerning the labouring people around him would favour the idea that deep affections can hardly go along with callous palms and scant means; and he had not had the opportunity, even if he had had the power, of entering intimately into all that was exceptional in the weaver's experience.