"Only yesterday the practical things of today were decried as impractical, and the theories which will be practical tomorrow will always be branded as valueless games by the practical man of today."

“When a coin is tossed, it does not necessarily fall heads or tails; it can roll away or stand on its edge.”

“This faulty intuition as well as many modern applications of probability theory are under the strong influence of traditional misconceptions concerning the meaning of the law of large numbers and of a popular mystique concerning a so-called law of averages.”

“three repairman per twenty machines are much more economical than one repairman per six machines.”

“The notion of conditional probability is a basic tool of probability theory, and it is unfortunate that its great simplicity is somewhat obscured by a singularly clumsy terminology.”

“The manner in which mathematical theories are applied does not depend on preconceived ideas; it is a purposeful technique depending on, and changing with, experience.”

“This means that if in a city seven accidents occur each week, then practically all weeks will contain days with two or more accidents, and on the average only one week out of 165 will show a uniform distribution of one accident per day.”