Actuaries are analysts who specialize in the mathematics of risk. Actuaries often work for insurance companies and

Question:

Actuaries are analysts who specialize in the mathematics of risk. Actuaries often work for insurance companies and are responsible for setting premiums for insurance policies. Below are the median salaries for actuaries for the years 2008-2011. The CPI for each of the years is also given (U.S. Census Bureau). Use the CPI to deflate the salary data to constant dollars. Comment on the salary when viewed in constant dollars.