A Program of The Actuarial Foundation. Aligned with Common Core State and NCTM Standards.
What is an actuary? An actuary is an expert in statistics who works with businesses, governments, and organizations to help them plan for the future. Actuarial science is the discipline that applies math and statistical methods to assess risk. Background photo: © Inga Nielsen/iStockphoto.

# Overview/Getting Started:

This program is designed to supplement your existing instruction of these probability topics:

• strategies to identify favorable and total outcomes;
• calculating simple probability;
• sampling and proportions;
• calculating compound probability; and
• using probability concepts to solve real-world problems.
• The materials are taught through this story line: Athena and Rick are two middle-school students admired for their powerful mathematical thinking and real-world problem-solving skills. Asked by classmates for help preparing for a mathematics standardized test, the duo develops a smartphone application with practice math problems. The app, featuring a fictitious celebrity couple and their pet, is so successful that Athena and Rick decide to form a business, which provides them with new opportunities and challenges.

The program includes three lessons, each with a corresponding worksheet. A bonus worksheet, which also promotes financial literacy, gives students the opportunity to apply the skills and knowledge they've learned in a real-world context.

A new bonus online challenge engages students to use probability skills to help Rick and Athena plan a summer concert tour. This online activity, which allows students to use math for real purposes, is designed as an optional assignment for in or out of the classroom.

A classroom poster displays strategies for identifying outcomes as well as determining probability, and underscores the concept that probability can be expressed as a fraction, a decimal, or a percentage.

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