Assignment #1


My name is Jenny (R.T.) and I am majoring in mathematics to work as a financial analyst.  Probability and statistics besides being an enjoyable and fundamental course for my degree, relates to my future career.  As a financial analyst, I would be focused on the relationships of time value of money and interest.  Measuring the risks involved with statistics, I would be recommending the best choice among several alternatives to my clients with the goal to reduce risk and monetary losses.  Financial analysis uses probability and statistics by evaluating alternatives allowing for the determination of the probability of success or failure of a project or investment opportunity.  Investors (private, government, public organizations, among many others) seek the assistance of financial analyst because of their thorough examination of all possibilities that will not only generate more income but also service producing outcomes.  By being presented with this evaluation, they can assume the risk involved or opt for ways to prevent or reduce these risks.  Probability and statistics is highly beneficial to this degree for the reasons stated.

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