File:Bell telephone magazine (1922) (14569352030).jpg

Identifier: belltelephonemag4344amerrich (find matches)
Title: Bell telephone magazine
Year: 1922 (1920s)
Authors: American Telephone and Telegraph Company American Telephone and Telegraph Company. Information Dept
Subjects: Telephone
Publisher: (New York, American Telephone and Telegraph Co., etc.)
Contributing Library: Prelinger Library
Digitizing Sponsor: Internet Archive

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tomerdiscretion, and our larger proportion offixed capital assets. We are not deterred by the increasingrisk; however, as good managers, we mustsee that the Company is maintained in afinancially healthy position to accept thisrisk. The construction program which I haveoutlined, and which reflects the addedstimulus of the tax cut, will benefit tele-phone users and the general economy.Telephone consumers will enjoy improvedservice through an efficient program de-signed to produce the best quality serviceat the lowest cost. The general economywill be immediately stimulated throughthe creation of thousands of additionaljobs. We believe this program furtherssound economic policy. Its continuationwill insure for the future a healthy andprogressive business able to meet the everadvancing needs of the public for thecommunication services so vital to thecountrvs economy. Note: This article is based on a statementpresented by Mr. Hough in a general meetingbefore the FCC in July of this year. 15
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S^entif J Reliability, economy and speed.These three characteristics go fartowards explaining the growing popularityof scientific sampling as a valuable toolfor many different management purposesin the Bell System. Reliability, because aproperly designed sample can be countedon to give results which are precise with-in the specified limits built into thesample design. Economy, because such re-sults may often be obtained with only afraction—and sometimes a very smallfraction—of the effort required to make acomplete study. And Speed, because themuch smaller effort required with sam-pling can be translated into much morerapid completion of studies made bysampling methods. These three important advantages ofscientific sampling are all attainable ifwe are willing to make one concession— to accept approximate results; for sam-pling produces approximate, not exact,figures. But how often do we really needdata that are 100 per cent accurate, orright on the nose? When one thinks ofthe use

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