Manchester, United Kingdom

Actuarial Science and Mathematics

Bachelor's
Table of contents

Actuarial Science and Mathematics at University of Manchester

Language: EnglishStudies in English
Subject area: mathematics and statistics
Qualification: BSc
Kind of studies: full-time studies
Bachelor of Science (BSc)
University website: www.manchester.ac.uk

Definitions and quotes

Actuarial science
Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in insurance, finance and other industries and professions. Actuaries are professionals who are qualified in this field through intense education and experience. In many countries, actuaries must demonstrate their competence by passing a series of rigorous professional examinations.
Mathematics
Mathematics (from Greek μάθημα máthēma, "knowledge, study, learning") is the study of such topics as quantity, structure, space, and change. It has no generally accepted definition.
Science
Science (from Latin scientia, meaning "knowledge") is a systematic enterprise that builds and organizes knowledge in the form of testable explanations and predictions about the universe.
Mathematics
Extension and abstraction without apparent direction or purpose is fundamental to the discipline. Applicability is not the reason we work, and plenty that is not applicable contributes to the beauty and magnificence of our subject.
Peter Rowlett, "The unplanned impact of mathematics", Nature 475, 2011, pp. 166-169.
Mathematics
Who has studied the works of such men as Euler, Lagrange, Cauchy, Riemann, Sophus Lie, and Weierstrass, can doubt that a great mathematician is a great artist? The faculties possessed by such men, varying greatly in kind and degree with the individual, are analogous with those requisite for constructive art. Not every mathematician possesses in a specially high degree that critical faculty which finds its employment in the perfection of form, in conformity with the ideal of logical completeness; but every great mathematician possesses the rarer faculty of constructive imagination.
E. W. Hobson, Presidential Address British Association for the Advancement of Science (1910) Nature Vol. 84 p. 290 as quoted by Robert Édouard Moritz, Memorabilia Mathematica; Or, The Philomath's Quotation-book (1914) p. 184.
Mathematics
Think of it: of the infinity of real numbers, those that are most important to mathematics—0, 1, √2, e and π—are located within less than four units on the number line. A remarkable coincidence? A mere detail in the Creator's grand design? I let the reader decide.
Eli Maor, e: The Story of a Number (1994)
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