Page:A philosophical essay on probabilities Tr. Truscott, Emory 1902.djvu/169

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INSTITUTIONS BASED UPON PROBABILITIES.
159

that the true value of falls on neither the one side nor the other of .

Celebrated geometricians have chosen for the most probable value of and consequently that which corresponds to the largest ordinate of the curve; but the preceding value appears to me evidently that which the theory of probability indicates.