Actuarial science

Actuarial science is a profession that uses math and statistics to figure out the risks and possible outcomes of things like investments, insurance, and other business decisions. In other words, actuaries use their knowledge of numbers to figure out how much money companies will lose (or gain) if they do something. They also use their math skills to set rates for insurance programs so that insurance companies will make enough money to stay in business. Actuaries are kind of like number detectives who help businesses make smart decisions about money.