. Electric railway journal . ion requirements and the need of comparative dataand exact costs. Examples of work of a statistician By W. E. JONES Statistician The Connecticut Company, New Haven, Conn. ACCORDING to the Century Dictionary the defini-tion of a statistician is one who is versed in orcollects officers of the Connecticut Company reached aconclusion that it would be a most excellent idea to havea man of this type to collect and compile statistics inorder to assist the officers and fortify them with knowl-edge so they could plan to meet the high operating ex-penses of pr
. Electric railway journal . ion requirements and the need of comparative dataand exact costs. Examples of work of a statistician By W. E. JONES Statistician The Connecticut Company, New Haven, Conn. ACCORDING to the Century Dictionary the defini-tion of a statistician is one who is versed in orcollects officers of the Connecticut Company reached aconclusion that it would be a most excellent idea to havea man of this type to collect and compile statistics inorder to assist the officers and fortify them with knowl-edge so they could plan to meet the high operating ex-penses of present day operations and have somethingleft for the stockholders of the company. They realizedthat it would be necessary to have not only the ordinaryresults of operations from the accounting department,but also many detailed statements and statistics, goingback over a number of years. Methods for Presenting Statistics In the presentation of statistics, there are generallytwo common methods employed: (1) By adhering strictly. •Abstract of a paper delivered before the Atlantic City conven-tion of the American Electric Railway Accountants Associationon Oct. 9, 1916. to a plain display offacts, classified underproper headings incondensed form andshowing such continu-ity or sequence in timeand incident as to show clearly a result, the sourceand genuineness of which is not subject to doubt orsurmise. (2) A second method is frequently adoptedby speculative statisticians who use as a basis theaccounts of a fiscal period, and by process of ex-treme analysis, endeavor to build a statistical fabricwith the object of proving or disproving certaintheories. A plain relation and classified presentation of princi-pal facts, as portrayed in the first mentioned plan, isimmeasurably preferable, inasmuch as the plain truththereof is sufficient for the mind of any average streetrailway man to grasp, and adequate for the purposes ofmental comparison and conclusion. The second method,while based u
Size: 1349px × 1852px
Photo credit: © Reading Room 2020 / Alamy / Afripics
License: Licensed
Model Released: No
Keywords: ., bookcentury1900, bookdecade1900, bookpublishernewyorkmcgrawhillp
