MATH 111-01, Introduction to Applied Statistics, Fall 2011

Abstract

Statistics is widely considered an exciting, dynamic, and intrinsically interdisciplinary science. The work of statisticians powers search engines like Google, has proven critical to the exploration of the human genome, and is used by hedge fund managers to detect arbitrage opportunities (risk-free trading strategies that yield profit with positive probability) that are profitable only on average (called statistical arbitrage). The New York Times recently declared that, over the next decade, statisticians will enjoy one of the highest-paying, highly-coveted careers.