Written for students with basic experience in college algebra and applied calculus, Fundamentals of Statistical Thinking: Tools and Applications familiarizes readers with fundamental concepts in statistical thinking in order to prepare them for specialized management courses such as econometrics and quantitative analysis. The book is organized into four sections, each of which focuses on a common tool used in application. Chapters 1 through 4 discuss data analysis and summaries, with an emphasis on descriptive statistics and visualization. In Chapters 5 through 8 students learn about probability models and sampling distributions. Chapters 9 and 10 deal with statistical inferences, while Chapters 11 and 12 provide further applications for categorical data and simple linear regression models. Graphical illustrations support the written text and each chapter concludes with a visual summary. Rooted in over ten years of classroom experience at both the undergraduate and graduate levels, Fundamentals of Statistical Thinking helps readers understand the importance of the main technical tools of statistical decision making, and explains when they can most appropriately be used for applied studies.

Probability and Statistics for Actuaries provides students with a structured and detailed explanation of the probabilistic and statistical aspects of actuarial science to help them formalize and deepen their knowledge in these areas. The text is divided into two distinct parts with the first focusing on probability and the second focusing on statistics. Part I begins with a strategic review of probabilistic models and techniques. Additional chapters cover conditional probability, variance, and expectation with distinct emphasis of the Bayesian approach. Students learn about the Bayesian framework for credibility and the relationship between Buhlmann approximation and empirical Bayes. Part II begins with a review of statistical models and techniques and then proceeds with a robust chapter that discusses parametric statistical inference. The text includes two helpful appendices: a one-sample K-S table and a one-sample A-D table. Designed to help students expand their knowledge, Probability and Statistics for Actuaries is an exceptional resource for courses within the actuarial sciences. It is also ideal for individuals preparing to take professional exams given by the Society of Actuaries and Casualty Actuarial Society.