Word: statisticians
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...Stocks. Statistician Roger Babson, pious and efficient moderator of the Con-gregational-Christian Church, declared that church boards now might well put their money in stocks rather than bonds. And in view of frequent churchly criticisms of Business, the Federal Council should appoint a committee to tell the churches what companies are "run according to Jesus Christ." Moderator Babson diagnosed Protestantism's basic trouble as its declining birth rate, thus perplexing listeners who recalled that a year and a half ago he was for birth control as a cure for poverty...
...story is the work of Donald H. Davenport, associate Professor of Business Statistics of the Business School and John J. Croston, chief statistician of the Massachusetts census of unemployment...
Died. Ethelbert Stewart, 79, longtime (1887-1932) authoritative U. S. Labor Department statistician; of coronary thrombosis; in Washington. Rebuked for disputing Secretary of Labor William Nuckles Doak's optimistic statement that employment was rising in 1932, he retired, drawled: "I have had a tin can tied to the end of my coattail...
...discourse on "Uncertain Inferences" Professor Ronald Aylmer Fisher of the University of London, onetime investment statistician, conveyed the idea that, though mathematical logic may compress uncertainty into a small area, the smaller the area the greater the uncertainty. He gave a problem which, if it were not for the uncertainty of inferences, would be readily solvable: "The agricultural land of an Egyptian village is of unequal fertility. The fertility of every portion is known with exactitude, but the height of the Nile affects different parts of the territory unequally. It is required to divide the area between the several households...
...report to Congress next January with recommendations for regulatory legislation. In charge is Commissioner Robert E. Healy, the grey-haired Vermont Republican who conducted most of the six-year investigation of public utility holding companies for the Federal Trade Commission. His first lieutenant is Paul P. Gourrich, a demon statistician who used to work for Kuhn, Loeb & Co. If his German accent were not so pronounced, Paul Gourrich might have been Commissioner Healy's inquisitor. Asking the questions last week was David Schenker, a bright young SEC lawyer who learned about investigations on the staff of Ferdinand Pecora...