Philanthropy
Misspelling
Statistics
Quote
Atomic Clock
The Missing Zeros
Topic : Accuracy
If 99.9 Percent Is Good Enough, Then
- Two million documents will be lost by the IRS this year.
- 811,000 faulty rolls of 35mm film will be loaded this year.
- 22,000 checks will be deducted from the wrong bank accounts in the next 60 minutes.
- 1,314 phone calls will be misplaced by telecommunication services every minute.
- 12 babies will be given to the wrong parents each day.
- 268,500 defective tires will be shipped this year.
- 14,208 defective personal computers will be shipped this year.
- 103,260 income tax returns will be processed incorrectly this year.
- 2,488,200 books will be shipped in the next 12 months with the wrong cover.
- 5,517,200 cases of soft drinks produced in the next 12 months will be flatter than a bad tire.
- Two plane landings daily at OHare International Airport in Chicago will be unsafe.
- 3,056 copies of tomorrows Wall Street Journal will be missing one of the three sections.
- 18,322 pieces of mail will be mishandled in the next hour.
- 291 pacemaker operations will be performed incorrectly this year.
- 880,000 credit cards in circulation will turn out to have incorrect cardholder information on their magnetic strips.
- $9,690 will be spent today, tomorrow, next Thursday, and every day in the future on defective, often unsafe sporting equipment.
- 55 malfunction automatic teller machines will be installed in the next 12 months.
- 20,000 incorrect drug prescriptions will be written in the next 12 months.
- 114,500 mismatched pairs of shoes will be shipped this year.
- $761,900 will be spent in the next 12 months on tapes and compact discs that wont play.
- 107 incorrect medical procedures will be performed by the end of the day today.
- 315 entries in Websters Third New International Dictionary of the English Language will turn out to be misspelled.
Philanthropy
Maria Fedorovna, the empress of Russia and wife of Czar Alexander III, was known for her philanthropy. She once saved a prisoner from exile in Siberia by transposing a single comma in a warrant signed by Alexander. The czar had written: Pardon impossible, to be sent to Siberia. After Marias intervention, the note read: Pardon, impossible to be sent to Siberia. The prisoner was eventually released.
Misspelling
In the New York Times last year: The Candidates on Television listing yesterday misspelled the name of the Vice President in some editions. It is Quayle, not Quale. The Tmise regrets the error.
Statistics
Once when President Franklin D. Roosevelt was preparing a speech, he needed some economic statistics to back up a point he was trying to make. His advisers said it would take six months to get accurate figures.
In that case, Ill just use these rough estimates, FDR said, and he wrote down some numbers in his text. Theyre reasonable figures and they support my point. Besides, he added as an afterthought, it will keep my critics busy for at least six months just to prove me wrong.
Quote
- Accuracy is the twin brother of honesty; inaccuracy of dishonesty. - Charles Simmons
Atomic Clock
Time technicians at the National Institute of Standards & Technology (Formerly the National Bureau of Standards) set a new level of precision in 1949 by inventing the atomic clock. It counted the oscillations of the nitrogen atom in an ammonia molecule--and was reliable to within one second in three years.
More recently, NIST switched to an atomic clock based on the vibrations of cesium atoms. It will need 300,000 years to gain or lose a single second. But NIST scientists are working on a still-better model: a single mercury ion will be trapped in a vacuum by laser beams and cooled to its lowest possible energy level. The atoms oscillations will then be so stable that the new timepiece should be accurate to within one second in 10 billion years--the total life span of stars similar to our sun.
The Missing Zeros
It was a simple clerical error, but it could be the most expensive typo of all time. In 1978 Prudential, the largest insurance company in the U.S. loaned $160 million to United States Lines, a shipping firm. As part of the deal, Prudential got a lien on eight ships.
In 1986 U.S. Lines went into bankruptcy proceedings and started selling off assets. Prudential said it was owed nearly $93 million, the value of the lien, from the ships? sale. Or so the insurance company thought. A close look at the lien documents disclosed that someone had omitted three little zeros, thus entitling Prudential to $92,885 only instead of $92,885,000.
The mistake loomed larger when McLean Industries, parent firm of U.S. Lines, sold the ships for $67 million. In a settlement approved later by a federal court, McLean agreed to give Prudential the proceeds from the sale of the ships-minus $11 million. That was the price McLean demanded for disregarding the missing zeros.