Statistical process control

Risk analysis

For much of the modern industrial era, business professionals have tended to set themselves apart from ‘intellectuals’. They viewed themselves as men (and more recently women) of action who didn’t have time for academic hair-splitting. A well-known example occurred in 1908 when William Gosset discovered what we now know as the Student’s t distribution. The name derives from the fact that his employer, Guinness Brewery, would not allow him to publish his findings under his own name. As a result

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