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Actuary vs Probability - What's the difference?

actuary | probability |

As nouns the difference between actuary and probability

is that actuary is registrar, clerk while probability is the state of being probable; likelihood.

actuary

English

(wikipedia actuary)

Noun

(actuaries)
  • registrar, clerk.
  • A professional who calculates financial values associated with uncertain events subject to risk, such as insurance premiums or pension contributions.

    • Related terms

    * actuarial

    External links

    * * *

    probability

    English

    Noun

    (wikipedia probability) (probabilities)
  • the state of being probable; likelihood
  • an event that is likely to occur
  • the relative likelihood of an event happening
  • (mathematics) a number, between 0 and 1, expressing the precise likelihood of an event happening

    • Derived terms

    * conditional probability * frequency probability * joint probability * propensity probability

    Related terms

    * probable

    See also

    * odds * possibility * verisimilitude

    External links

    * *