approximate value

USAGE SUMMARY

The phrase "approximate value" is correct and usable in written English.
It can be used when referring to a value that is close to, but not exactly equal to, a specific number or measurement. Example: "The approximate value of the project cost is estimated to be around $50,000."

✓ Grammatically correct

Science

News & Media

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

The approximate value of Exeter's endowment as of June 30 was almost $500 million.

The New York Times

The contract has an approximate value of US$2.8 billion.

Pump Industry Analyst

In 1924, he was paid $2,500 for a short story – multiply by 20 for today's approximate value.

The Guardian - Books

The ring was insured for £8,000, its approximate value the last time we had it valued in 2014.

The Guardian - Money

This means it will automatically detect what you want to measure without you having to guess the approximate value.

The Washington Post

src_psffrac will compute an approximate value of the fraction of the PSF in circular regions at the specified monochromatic energy.

Harvard University

The two accounts were responsible for downloading more than eighteen million pages with an approximate value of $1.5 million.

Cornell University

Features of the data-driven approximate value iteration (AVI) algorithm, proposed in Li et al.

Automatica

A friend once told me that you were supposed to gift people an approximate value that equals what you think your meal cost.

The Guardian - Lifestyle

This paper deals with approximate value iteration (AVI) algorithms applied to discounted dynamic programming (DP) problems.

European Journal of Operational Research

Pro-Football-Reference has assigned an Approximate Value (AV) to each player on each team since 1950.

The New York Times

Expert writing Tips

Best practice

When using "approximate value", clarify the basis of the approximation. For example, specify whether it's based on historical data, market analysis, or expert opinion to provide context and increase credibility.

Common error

Avoid presenting highly precise figures immediately after stating an "approximate value". This creates a contradiction and undermines the initial statement of approximation. Instead, follow with a range or a qualifier like "roughly" or "about".

Linguistic Context

The phrase "approximate value" functions primarily as a noun phrase. It commonly serves as a subject or object, indicating a quantity or measurement that is not precise but is close enough for a particular purpose. Ludwig shows various contexts where it quantifies assets, costs, or scientific measurements.

Expression frequency: Very common

Frequent in

Science

38%

News & Media

33%

Formal & Business

15%

Less common in

Wiki

5%

Reference

0%

Social Media

0%

Ludwig's WRAP-UP

In summary, "approximate value" is a versatile noun phrase used to convey a non-exact figure or estimation. Ludwig AI confirms its grammatical correctness and common usage across various domains, including science, news, and business. Its primary function is to provide an estimation when precision is not critical or feasible. While it maintains a neutral register appropriate for both formal and informal communication, alternatives like ""estimated value"" or "rough estimate" can add nuance depending on the context. The most important is to prevent writing very precise figures immediately after the phrase. It's a valuable phrase for expressing estimations in various forms of communication.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

estimated value

Replaces "approximate" with "estimated", implying a calculated guess.

close estimate

Uses "close" instead of "approximate" to indicate the estimation is near the actual value.

estimated worth

Swaps "approximate" and "value" with "estimated" and "worth", respectively, focusing on the assets value.

rough estimate

Substitutes "approximate" with "rough" and "value" with "estimate", indicating a less precise calculation.

approximate amount

Replaces "value" with "amount" which is more appropriate in certain contexts.

approximate quantity

Uses "quantity" instead of "value", suitable for measurable amounts.

approximate cost

Focuses specifically on monetary value, using "cost" instead of "value".

ballpark figure

Replaces both words with a more colloquial term for a general estimation.

guesstimate

Combines "guess" and "estimate" into a single word suggesting an educated guess.

order of magnitude

Indicates an estimation to the nearest power of ten, a scientific way to define an estimation.

FAQs

How can I use "approximate value" in a sentence?

You can use "approximate value" when you want to express that a certain value is not exact but close to the real one. Example: "The "estimated value" of the house is around $300,000".

What can I say instead of "approximate value"?

You can use alternatives like ""estimated value"", "rough estimate", or "ballpark figure" depending on the context.

Is it redundant to say "approximate value estimation"?

Yes, saying "approximate value estimation" can be redundant. "Estimation" already implies that the value is not exact. It's better to stick with either "approximate value" or simply "estimation".

What's the difference between "approximate value" and "exact value"?

"Approximate value" indicates a value that is close to the actual number but not precise. In contrast, "exact value" refers to the precise and accurate number without any estimation or rounding.