Search found 6 matches

by fcas
Sun May 22, 2011 5:31 pm UTC
Forum: School
Topic: Standing for the flag + clubs
Replies: 46
Views: 7235

Re: Standing for the flag

I recently subbed (substitute taught) at a high school. I stood for the Pledge of Allegiance. No student did. I am proud to be an American. This country is not perfect, but I can't think of another country whose morals, standard of living, and opportunities are superior to ours. If you choose not to...
by fcas
Sun May 22, 2011 4:49 pm UTC
Forum: Mathematics
Topic: Algebraic functions
Replies: 9
Views: 5014

Re: Algebraic functions

I think a rational function (quotient of two polynomials) meets my textbook's definition, so merely "function whose graph is the solution set to a polynomial in x and y" is not enough. Do we agree that a piecewise function is not algebraic, and is therefore transcendental? Although an inte...
by fcas
Sat May 21, 2011 4:38 pm UTC
Forum: Mathematics
Topic: Algebraic functions
Replies: 9
Views: 5014

Algebraic functions

Hi, My college algebra textbook says "the functions that involve some combination of basic arithmetic operations, powers or roots are called Algebraic Functions .... functions that transcend what can be described with algebraic functions are called transcendental functions." (Dugopolski, 5...
by fcas
Wed May 18, 2011 1:34 pm UTC
Forum: Mathematics
Topic: Math earnings
Replies: 25
Views: 6240

Re: Math earnings

Actuaries have a pretty high standard deviation of salaries. Contrast that with US senators, whose SD is zero. A beginning actuary with no experience starts around $50,000 to $60,000. Programmers or quantitative people in investment firms may be starting off higher. Then there are a series of actuar...
by fcas
Wed May 18, 2011 1:20 pm UTC
Forum: Mathematics
Topic: Getting my undergrad in math. How about you?
Replies: 51
Views: 8476

Re: Getting my undergrad in math. How about you?

Age: 61
Education: BA in math, MA in applied math, FCAS (fellow of the casualty actuarial society - math related to insurance)
What I'm doing now: Insurance company actuary, part-time math teaching
by fcas
Wed May 18, 2011 12:52 pm UTC
Forum: Mathematics
Topic: If you learned statistics would you never buy insurance?
Replies: 92
Views: 10954

Re: If you learned statistics would you never buy insurance?

Hi, I am an insurance company actuary. I would like to offer a few comments on the original question - do people who study statistics buy insurance? Yes, insurance companies charge more as premium than the expected value of claims. We charge a margin over expected claims, we charge for overhead like...

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