Masters degrees in Mathematical Statistics are concerned primarily with the theories that form the basis of methods of probability and inference. They examine the application of these theories to the collection, analysis and description of data.
Related subjects include Applied Statistics and Computational Statistics. The main entry requirement is typically an undergraduate degree in a relevant Mathematics subject.
Mathematical Statistics are used to understand and analyse the facts about a country, such as its economy, land, military, population and more. Techniques include mathematical analysis, linear algebra, stochastic analysis and differential equations. You might also undertake surveys and random sampling.
Through these techniques, you will learn to model and manipulate data that can guide political, financial, and social decisions across various sectors and industries.
This could include calculating the use of various services – such as transport and healthcare – to assess which areas may need more funding. Or, you may examine data received through questionnaires in relation to how products to assess their viability in a given market.
Careers are highly varied, and involve roles within government and regulatory bodies, financial agencies, and commercial enterprises.