The purpose of these modules is to provide an introduction to the world of probability and statistics to accelerated mathematics students at the high school level. The modules also introduce students to real world math concepts and problems that property and casualty actuaries come across in their work. They are designed to be used by teachers and students of AP courses (primarily AB and BC Calculus) after the AP exam, but of course they can be used at any time. Statistical thinking is critical in today's society. Data are everywhere and students will see and recognize misinterpretations all the time. "Probability & Statistics: Modular Learning Exercises" cover: (1) Basic Statistics Concepts; (2) The Normal Model; (3) Discrete Probability Distributions; and (4) Correlation and Regression.