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Statistical Quality Control
Published online by Cambridge University Press: 27 November 2014
Extract
The actuary's ideas on statistics tend to be biased in the direction of Life Office statistics. It may therefore be useful to set down a simple use of statistical methods which has been adopted in industry and which was the subject of a lecture to the Students' Society some two years ago, viz. Statistical Quality Control. Where the mass production of articles is employed, various systems of inspection aim at watching the quality of the product to prevent unsatisfactory work being passed on to the consumer or to a later stage in the manufacturing process.
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- Copyright © Institute of Actuaries Students' Society 1945