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Actuaries the Jobs Rated Almanac Term Paper

… The career itself requires a solid understanding of mathematics in order to analyze statistics, make recommendations and generalizations based on those statistics, monitor the financial situation of the companies they work for, and provide consultation on investment strategies (Society of Actuaries, n.d.). They also use statistical analysis to infer the probability of an undesirable event from occurring, and the likely cost related to such an event. Furthermore, they address many financial questions such as how much money should one contribute to a pension plan and how often to produce a certain retirement income level by a specified time. Finally, actuaries use their statistical, financial, and business knowledge to help design savings plans, pension plans, insurance policies, and other financial programs to help protect people and…. [read more]

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