Because certain elements of geometry have for a long time been included in the general course of education, every educated man is able to distinguish between the practical task of the land surveyor and the theoretical investigation of the geometer. The corresponding distinction between the theory of probability and statistics has yet to be recognized.
Austrian physicist and mathematician (1883-1953)
Richard von Mises (19 April 1883, Lviv – 14 July 1953, Boston) was a scientist and mathematician who worked on solid mechanics, fluid mechanics, aerodynamics, aeronautics, statistics and probability theory. He held the position of Gordon-McKay Professor of Aerodynamics and Applied Mathematics at Harvard University.
From: Wikiquote (CC BY-SA 4.0)
Alternative Names:
Richard Edler von Mises
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R. V. Mises
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R. von Mises
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Insurance companies nowadays apply the principle of so-called 'selection by insurance'; this means that they take into consideration the fact that persons who enter early into insurance contracts are on the average of a different type and have a different distribution of death ages from persons from persons admitted to the insurance at a more advanced age.