Abstract
THE conception of the ordinary business man, whether in England or the United States, of the function of statistics in industry is generally a vague one. To many the word means no more than lists of figures open to various interpretations, while few have realised that the essential element lies not in the figures but in the science of their analysis. Marketing, costing, advertising, adjusting output to anticipate fluctuations in prices and demand, and recently studies in industrial psychology, have become recognised fields for the statistician. But the link between the methods of statistical analysis and the problems of the engineer, that is to say, of the man who is concerned with the efficiency of methods of production and the quality of the thing produced, has up to the present been very little realised.
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Statistical Methods in Industry. Nature 130, 652 (1932). https://doi.org/10.1038/130652a0
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DOI: https://doi.org/10.1038/130652a0