Sunday, June 24, 2007

How to Slice a Cake

“We may liken our statistics to a large crumbly loaf cake, which we may cut in slices to obtain easily edible helpings. The method of slicing may be chosen in different ways—across the cake, length-wise, down the cake, or even in horizontal slices, but only one method of slicing may be used at a time. If we try to slice the cake more than one way at a time, we shall be left with a useless collection of crumbs.”

-Lawrence H. Longley-Cook , “An Introduction to Credibility Theory”

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