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O55-1/2

I term the third Order of Inductive Probation Quantitative Induction. By this process we approximately determine, by the collection and discussion of statistics, the mathematical values of probabilities. The business of Insurance rests upon it. But since its rules are somewhat intricate, since I have printed an account of it in 1882 in the volume entitled Studies in Logic by Members of the Johns Hopkins University, and since it has no direct application to the first proposition of Natural Theology, I pass it by without further mention.

86 words