An actuary is a business professional who deals with the measurement and management of risk and uncertainty. The name of the corresponding field is actuarial science. These risks can affect both sides of the balance sheet and require asset management, liability management, and valuation skills. Actuaries provide assessments of financial security systems, with a focus on their complexity, their mathematics, and their mechanisms. While the concept of insurance dates to antiquity, the concepts needed to scientifically measure and mitigate risks have their origins in the 17th century studies of probability and annuities. Actuaries of the 21st century require analytical skills, business knowledge, and an understanding of human behavior and information systems to design and manage programs that control risk. The actual steps needed to become an actuary are usually country-specific; however, almost all processes share a rigorous schooling or examination structure and take many years to complete. The profession has consistently been ranked as one of the most desirable. In various studies in the United States, being an actuary was ranked number one or two multiple times since 2010 and in the top 20 for most of the past decade. (Wikipedia).
Definition of an estimator. Examples of estimators. Definition of an unbiased estimator.
From playlist Machine Learning
More Standard Deviation and Variance
Further explanations and examples of standard deviation and variance
From playlist Unit 1: Descriptive Statistics
10 Tips and Tricks I Wish I Knew Before Becoming An Actuarial Science Major (Actuary Major)
In this video I want to tell you all the advice that I wish I knew before I became an actuarial science major. Being an actuary major isn't easy, it's even harder when you don't know these 10 pieces of advice I wish I knew before becoming an actuarial science major. Some of the links bel
From playlist Math Talk
Actuarial Science For Math Majors
Some of the links below are affiliate links. As an Amazon Associate I earn from qualifying purchases. If you purchase through these links, it won't cost you any additional cash, but it will help to support my channel. Thank you! ►PRODUCT RECOMMENDATIONS https://www.amazon.com/shop/brithem
From playlist Math Talk
Actuarial Science Mistakes (Watch out for these!)
If you’ve seen some of my other videos on actuarial science you’ll know I have plenty of thoughts on the subject. What you might not know is I actually have a ton of regrets to go along with them. These are my top regrets on actuarial science. Putting way too much pressure on myself to p
From playlist Math Talk
5 High Paying Jobs For Math Majors (That Aren't Teaching)
As requested, here is my list of high paying/in demand careers for mathematics majors that have (almost) nothing to do with teaching. Happy earning fellow math majors! 1. Actuary Actuaries essentially put a price tag on uncertainty.Actuaries use lots of probability theory, financial math
From playlist Math Talk
Operating system for beginners || Operating system basics
An operating system (OS) is system software that manages computer hardware, software resources, and provides common services for computer programs. Time-sharing #operating_systems schedule tasks for efficient use of the system and may also include accounting software for cost allocation o
From playlist Operating System
10 Things I Wish I Knew Before Becoming An Actuarial Science Major (Actuary Major)
In this video I want to tell you all the things that I wish I knew before I became an actuarial science major. Being an actuary major isn't easy, it's even harder when you don't know these 10 things I wish I knew before becoming an actuarial science major. Some of the links below are aff
From playlist Math Talk
From playlist Art Quizzes
My Math Book Collection (Math Books)
Some of the links below are affiliate links. As an Amazon Associate I earn from qualifying purchases. If you purchase through these links, it won't cost you any additional cash, but it will help to support my channel. Thank you! Get the Books! (affiliate links) Schaum's Guide http://amzn.
From playlist Math Book Reviews
Percentiles, Deciles, Quartiles
Understanding percentiles, quartiles, and deciles through definitions and examples
From playlist Unit 1: Descriptive Statistics
Republicans' Many Plans to Replace Obamacare
What policy changes would be minimally necessary for Republicans to claim that they've succeeded in "replacing" Obamacare? Health wonk and Incidental Economist Editor Adrianna McIntyre asked what would be seen as sufficient to rebrand the law. Let's discuss. This is Healthcare Triage News.
From playlist Healthcare Triage News
How I Decided to Be a Math Major (Mathematics Major)
Here's a quick story about how I ended up majoring in math. Have a wonderful day! Some of the links below are affiliate links. As an Amazon Associate I earn from qualifying purchases. If you purchase through these links, it won't cost you any additional cash, but it will help to support m
From playlist Math Talk
Ex 1: Compare Two Box Plot Values
This video provides an example of how to compare key values on two box and whisker plots. http://mathispower4u.com
From playlist Statistics: Describing Data
Mathematica User Story: Francois Roth
Francois Roth describes how he uses Mathematica in his current positioning to fulfill his responsibilities in data processing, management control, actuary, finance, results and balances. In French.
From playlist Customer Stories