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A researcher polled 230 freshmen at a university and found 110 of them were enrolled in a history class Estimate the probability that a randomly selected freshman is enrolled in a history class?
Wiki User
∙ 13y ago
About 48% or if you want to be more accurate the actual answer was 47.826%
Wiki User
∙ 13y ago
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What qualifications do you need to become an actuary?
Actuaries earn professional designations based on the organization they belong to and their status in the professional exam system. When an actuary has met certain professional educational standards by passing a series of exams, he or she achieves the designation of Associate. Actuaries who specialize in property and casualty practice receive the ACAS designation. It stands for Associate of the Casualty Actuarial Society. Actuaries who practice in life, health, finance, investments or pensions receive the Associate of the Society of Actuaries, or ASA, designation. After achieving the Associate designation, the actuary can elect to continue to take exams to achieve the highest designation, Fellow. Casualty actuaries are Fellows of the Casualty Actuarial Society or FCAS. Fellow of the Society of Actuaries, or FSA, is the designation achieved by life, health, pension, finance and investment actuaries. Below are the different actuarial designations and organizations that grant them. Check out the actuarial alphabet. FCAS Fellow of the Casualty Actuarial Society ACAS Associate of the Casualty Actuarial Society FSA Fellow of the Society of Actuaries ASA Associate of the Society of Actuaries MAAA Member of the American Academy of Actuaries FSPA Fellow of the American Society of Pension Actuaries MSPA Member of the American Society of Pension Actuaries FCA Fellow of the Conference of Consulting Actuaries MCA Member of the Conference of Consulting Actuaries ACA Associate of the Conference of Consulting Actuaries FCIA Fellow of the Canadian Institute of Actuaries EA Enrolled Actuary What skills are needed to be an actuary? Specialized math knowledge. Calculus, statistics, probability. Keen analytical, project management and problem solving skills. Good business sense. Finance, accounting, economics. Solid communication skills (oral & written). Strong computer skills. Word processing programs, spreadsheets, statistical analysis programs, database manipulation, programming languages. What talents are needed to be an actuary? Self-motivation Creativity Independence Ability to work with others Ambition In a nutshell, the abilities developed and honed by successful actuaries include an excellent business sense with a knowledge of finance, accounting and economics, keen analytical, project management, and problem solving skills, specialized math knowledge, strong computer skills, and solid written and oral communication skills. In addition, actuaries enjoy learning, like to solve complicated problems, enjoy writing and talking to people, can work effectively alone or as part of a team, are interested in a variety of historical, social, legislative, and political issues, and are self-motivated achievers.
What type of a degree does an actuary need?
Actuaries need a strong foundation in mathematics, statistics, and general business. They generally have a bachelor's degree and are required to pass a series of exams in order to become certified. Education and training. Actuaries need a strong background in mathematics and general business. Usually, actuaries earn an undergraduate degree in mathematics, statistics or actuarial science, or a business-related field such as finance, economics or business. While in college, students should complete coursework in economics, applied statistics and corporate finance, which is a requirement for professional certification. Furthermore, many students obtain internships to gain experience in the profession prior to graduation. About 100 colleges and universities offer an actuarial science program, and most offer a degree in mathematics, statistics, economics, or finance. Some companies hire applicants without specifying a major, provided that the applicant has a working knowledge of mathematics-including calculus, probability, and statistics-and has demonstrated this knowledge by passing one or two actuarial exams required for professional designation. Companies increasingly prefer well-rounded individuals who, in addition to having acquired a strong technical background, have some training in business and liberal arts and possess strong communication skills. Beginning actuaries often rotate among different jobs in an organization, such as marketing, underwriting, financial reporting and product development, to learn various actuarial operations and phases of insurance work. At first, they prepare data for actuarial projects or perform other simple tasks. As they gain experience, actuaries may supervise clerks, prepare correspondence, draft reports, and conduct research. They may move from one company to another early in their careers as they advance to higher positions. Licensure. Two professional societies sponsor programs leading to full professional status in their specialty: the Society of Actuaries (SOA) and the Casualty Actuarial Society (CAS). The SOA certifies actuaries in the fields of life insurance, health benefits systems, retirement systems, and finance and investment. The CAS gives a series of examinations in the property and casualty field, which includes car, homeowners, medical malpractice, workers compensation, and personal injury liability. Three of the first four exams in the SOA and CAS examination series are jointly sponsored by the two societies and cover the same material. For this reason, students do not need to commit themselves to a specialty until they have taken the initial examinations, which test an individual's competence in probability, statistics, and other branches of mathematics and finance. The first few examinations help students evaluate their potential as actuaries. Many prospective actuaries begin taking the exams in college with the help of self-study guides and courses. Those who pass one or more examinations have better opportunities for employment at higher starting salaries than those who do not. Many candidates find work as an actuary immediately after graduation and work through the certification process while gaining some experience in the field. In fact, many employers pay the examination fees and provide their employees time to study. As actuaries pass exams, they are often rewarded with a pay increase. Despite the fact that employers are supportive during the exam process, home study is necessary and many actuaries study for months to prepare for each exam. The process for gaining certification in the Casualty Actuarial Society is predominantly exam based. To reach the first level of certification, the Associate or ACAS level, a candidate must complete seven exams, attend one course on professionalism and complete the coursework in applied statistics, corporate finance, and economics required by both the SOA and CAS. This process generally takes from 4 to 6 years. The next level, the Fellowship or FCAS level, requires passing two additional exams in advanced topics, including investment and assets and dynamic financial analysis and the valuation of insurance. Most actuaries reach the fellowship level 2 to 3 years after attaining Associate status. The certification process of the Society of Actuaries blends exams with computer learning modules and coursework. After taking the initial exams, candidates must choose a specialty: group and health benefits, individual life and annuities, retirement benefits, pensions, investments or finance/enterprise risk management. To reach the Associate or ASA level, a candidate must complete the initial four exams, the coursework in applied statistics, corporate finance and economics required by the SOA and CAS, eight computer modules with two corresponding assessments and a course in professionalism. This process generally takes from 4 to 6 years. To attain the Fellowship or FSA level, a candidate must pass two additional exams within a chosen specialty and must complete three computer modules and a professionalism course. Attaining Fellowship status usually takes an additional 2 to 3 years after becoming an Associate. Specific requirements apply to pension actuaries, who verify the financial status of defined benefit pension plans for the Federal Government. These actuaries must be enrolled by the Joint Board of the U.S. Treasury Department and the U.S. Department of Labor for the Enrollment of Actuaries. To qualify for enrollment, applicants must meet certain experience and examination requirements, as stipulated by the Board. Other qualifications. In addition to knowledge of mathematics, computer skills are becoming increasingly important. Actuaries should be able to develop and use spreadsheets and databases, as well as standard statistical analysis software. Knowledge of computer programming languages, such as Visual Basic for Applications, SAS, or SQL, is also useful. To perform their duties effectively, actuaries must keep up with current economic and social trends and legislation, as well as with developments in health, business, and finance that could affect insurance or investment practices. Good communication and interpersonal skills also are important, particularly for prospective consulting actuaries. Advancement. Advancement depends largely on job performance and the number of actuarial examinations passed. Actuaries with a broad knowledge of the insurance, pension, investment, or employee benefits fields can rise to administrative and executive positions in their companies. Actuaries with supervisory ability may advance to management positions in other areas, such as underwriting, accounting, data processing, marketing, and advertising. Increasingly, actuaries with knowledge of business are beginning to rise to high-level positions within their companies, such as Chief Risk Officer, Chief Financial Officer, or other executive level positions. These generally require that actuaries use their abilities for assessing risk and apply it to the entire company as a whole. Furthermore, some experienced actuaries move into consulting, often by opening their own consulting firm. Some actuaries transfer to college and university faculty positions.For the source and more detailed information concerning this subject, click on the related links section indicated below.
How Students Can Get The Most Out Of Their Community College Education?
Community colleges are all the rage right now. Statistics show that more than half of the college student population are enrolled in community colleges. With President Obama's new college initiative that figure is expected to at least double. Here are a few steps college students can take to help them get the most from their community college education. Step 1: Know which kind of associates degree you are really want. The A.A.S. degree is a two-year degree that is for vocational occupations such as business, nursing, fashion, graphics, etc. The A.A. or the A.S. degree with liberal arts degrees that prepare you for and allows you to transfer to a four year college degree. Make sure you are on the right road for which ever degree you choose because it is very hard to switch from one to the other. Step 2: Don't tire yourself out. Again statistics show that most community college students are working as well as going to school. Remember that you can't work full time and go to school full time and not expect to be to the bone tired. Step 3: If you plan on transferring to a four year college make sure the classes you are taking at the community college are transferable to the four year college of your choice. Step 4: Attend every class scheduled. It is often tempting to miss a class here or there but remember attendance often counts for a large chunk of your grade. Be active in class discussions and assignments. Step 5: Use the community colleges resource center. You can use their computers, career counseling, health centers, etc. Tuition and fees go for the provision of these resources so use them when available. If you follow even one of these steps you can have a more fulfilling education. You can meet other students from different walks of life and experiences which can help you in your educational studies. One of the most important things to remember is that learning should be a fun experience and we should be open to learning something new every day of our lives.
How many students are enrolled at the University of Montana?
13,358 students are enrolled at the University of Montana in fall of 2017.
Can you be enrolled in an online university and a normal university?
Yes, you can.
What is the population of the University of North Carolina?
There are presently 17,981 undergraduates enrolled at the University of North Carolina at Chapel Hill. Overall, 28,916 students are enrolled at the University.
How many students are enrolled at the University of Florida?
As of 2021, the University of Florida has an enrollment of over 52,000 students.
How many students in Harvard University in 2008?
The amount of students enrolled at Harvard University is 69,people.AnswerThe amount of students enrolled at Harvard University is 69,people.
How many undergraduates are enrolled in Syracuse University?
20,407
How many students get enrolled in princton university?
3454534345
What is the population at Charleston Southern University?
Charleston Southern University has about 3,298 enrolled students.
How many students enrolled in hamilton university in London?
answer my question
What is the percentage of underclassmen enrolled at Georgetown University who are not Catholic?
50%
How many girls are enrolled at the University of San Diego?
4471
How many students are enrolled at the University of kentuckey?
There are 27,209 students
