Now that we got a foothold in algebra, we can dive into probability.

There are these people called actuaries, they mostly work for insurance companies and are about as close as you can get to real fortune tellers. They are paid about 80,000 USD just to start. They are able to calculate how likely something bad is going to happen to you and based from those calculations your premiums will be figured out.

Now while the math involved in that job is a far cry from what youre about to learn, they had to take this same exact lesson.

http://www.khanacademy.org/v/probability--part-1?p=Probability

so, fortune tellers are just high class mathematicians?

ReplyDeletei will have a look

ReplyDeleteThanks man, will check out your video!

ReplyDeleteThat is pretty damn awesome :D

ReplyDeleteOh, this brings back memories of the days in my stats courses at the university,

ReplyDeleteThis is great!

ReplyDelete@fit4life - And all mathematicians can tell the future.

ReplyDeleteI hate probability

ReplyDeleteMan, i hated probability in math class... thanks for the refresh anyway :)

ReplyDeleteI'm the worst at probability :(

ReplyDeleteMy brother's an actuary, but I can barely do stats. Can't get a hold of the "wellll yes those answers could be correct" idea when working with math.

ReplyDeleteSounds like something out of minority report

ReplyDeleteI remember having a hard time in college with probability and math... those people must be really good to work at that.

ReplyDeletewow thats something

ReplyDeleteNice job man!

ReplyDeleteHmm intesting stuff, never really had this problem though :P

ReplyDeleteGreat post, followed!

Never heard of them ^^ maybe i could do it too :P

ReplyDeleteWow, that's actually a pretty sweet job!

ReplyDeleteThanks for this link

ReplyDeleteUsually math would be pretty boring for me but you are beginning to change that.

ReplyDeletevery interessting stuff you have here..

ReplyDeletefollowed

I suck at math. Need to study more. Followed

ReplyDeleteI remember seeing a film about an actuary, I'm sure it was a comedy.

ReplyDeleteI'm stuck behind a bit, i'll catch up :(

ReplyDeleteThis is actually pretty cool

ReplyDeleteInsurane companies...pretty messed up.

ReplyDeletelove math. look forward to seeing more

ReplyDeleteI find AP Calc and Stat hard enough. =/

ReplyDeletei love probability, as long as its not trig im happy =p

ReplyDeletepreposterous. i cant believe people make money on suspicion too.

ReplyDeleteI remember this. It's relatively an easy concept, but it has more applications than you think. Probability is used for me in MMORPGs and other computer games, not to mention gambling and such.

ReplyDeleteim terrible at math in general but thanks for the info! might come in handy in my calc class :)

ReplyDeletethanks for information!

ReplyDeleteI was pretty bad at probability in Uni.

ReplyDeleteWhy didn't I choose this as a career?

ReplyDeletethis might save me in my current math class. thanks

ReplyDelete