Probability and Statistics

Probability and statistics are used to understand chance and to collect, analyze, interpret, and present data. They are the mathematics that allow us to make informed decisions based on patterns. If you like discovering patterns that not everyone notices, and using that skill to help people make good decisions, then check out probability and statistics!

What is Probability and Statistics?

Statisticians are needed in a variety of settings and sectors. In the private sector, a statistician could work in manufacturing helping to strategically increase the efficiency of the distribution process, or they could work in health care where to help gather, analyze, and communicate data regarding new life-saving medicines.

 

In the public sector, statisticians could work with surveys of all kind and help with important data that impacts public policies.

 

A bachelor’s degree is required and a master’s degree is recommended. The median salary of a statistician with a master’s degree is $91,160 according to the U.S. Bureau of Labor Statistics.

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Example Careers

Data Scientist

Education Requirements
Bachelor's degree

Average Salary
$94k


Data scientists help to design and implement strategies to use information to conduct analyses to improve processes. Many data scientists also need to have programming knowledge.

Actuary

Education Requirements
Bachelor's degree

Average Salary
$86k


Actuaries help design and implement strategies to use information to conduct analyses that will determine financial impact and minimize risk. Some actuaries also need programming knowledge and additional certifications.

Career salary data provided by: U.S. Bureau of Labor Statistics Occupational Outlook handbook and O*NET OnLine.

If probability and statistics is not your thing, there are more areas of math!

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