Trieste, Italy

Statistics for Business, Finance and Insurance

Statistica e informatica per l'azienda, la finanza e l'assicurazione

Bachelor's
Table of contents

Statistics for Business, Finance and Insurance at University of Trieste

Language: ItalianStudies in Italian
Subject area: mathematics and statistics
University website: www.units.it

Definitions and quotes

Business
Business is the activity of making one's living or making money by producing or buying and selling goods or services. Simply put, it is "any activity or enterprise entered into for profit. It does not mean it is a company, a corporation, partnership, or have any such formal organization, but it can range from a street peddler to General Motors." The term is also often used colloquially (but not by lawyers or public officials) to refer to a company, but this article will not deal with that sense of the word.
Finance
Finance is a field that deals with the study of investments. It includes the dynamics of assets and liabilities over time under conditions of different degrees of uncertainties and risks. Finance can also be defined as the science of money management. Market participants aim to price assets based on their risk level, fundamental value, and their expected rate of return. Finance can be broken into three sub-categories: public finance, corporate finance and personal finance.
Insurance
Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.
Statistics
Statistics is a branch of mathematics dealing with the collection, analysis, interpretation, presentation, and organization of data. In applying statistics to, for example, a scientific, industrial, or social problem, it is conventional to begin with a statistical population or a statistical model process to be studied. Populations can be diverse topics such as "all people living in a country" or "every atom composing a crystal". Statistics deals with all aspects of data including the planning of data collection in terms of the design of surveys and experiments. See glossary of probability and statistics.
Statistics
Without the aid of statistics nothing like real medicine is possible.
Pierre Charles Alexandre Louis
Statistics
The true foundation of theology is to ascertain the character of God. It is by the art of statistics that law in the social sphere can be ascertained and codified, and certain aspects of the character of God thereby revealed. The study of statistics is thus a religious service.
Attributed to Florence Nightingale by F.N. David in Games, Gods, and Gambling: A History of Probability and Statistical Ideas, 1962, page 103.
Business
I never can make out how it is that a knight-errant does not expect to be paid for his trouble, but a peddler-errant always does.
John Ruskin, The Crown of Wild Olive: Three Lectures on Work, Traffic, War (1866), p. 127.
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