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Statistician

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AVG. SALARY

$59,870

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EDUCATION

Master's degree

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JOB OUTLOOK

Increasing

Real-Life Activities

Real-Life Communication

Statisticians are very important in the business world. Without their work, no one would know how well a certain toy is selling, when a good time to bring out a certain product would be and where that certain product would sell best.

A recent craze was Squeaky Snake, a children's toy made entirely of mozzarella cheese. But unit sales have suffered. Check out these numbers:

Month samplingUnit salesChange
June 20132,437,912
December 20131,050,851-56.9 percent
June 2014381,263-63.7 percent
December 201429,119-92.4 percent

As you can see by the statistics, the Squeaky Snake craze is dead. After putting up a June 2013 sales figure of over 2.4 million units, the odd children's toy died a slow death. Sales decreases of 57, 64 and 92 percent have all but sealed the cheesy snake's fate.

Too bad Ron, the head of marketing, is still keen on the product. Somehow, you must make him see that stocking shelves with this toy would be financial suicide.

Ron is expecting an analysis of the Squeaky Snake sales figures. This one shouldn't be too difficult for you.

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OCAP believes that financial literacy and understanding the financial aid process are critical aspects of college planning and student success. OCAP staff who work with students, parents, educators and community partners in the areas of personal finance education, state and federal financial aid, and student loan management do not provide financial, investment, legal, and/or tax advice. This website and all information provided is for general educational purposes only, and is not intended to be construed as financial, investment, legal, and/or tax advice.