TABLE 8-3 To Become an Actuary,it Is Necessary to Pass a Series

question 139

True/False

TABLE 8-3
To become an actuary,it is necessary to pass a series of 10 exams,including the most important one,an exam in probability and statistics.An insurance company wants to estimate the mean score on this exam for actuarial students who have enrolled in a special study program.They take a sample of 8 actuarial students in this program and determine that their scores are: 2,5,8,8,7,6,5,and 7.This sample will be used to calculate a 90% confidence interval for the mean score for actuarial students in the special study program.
-True or False: Referring to Table 8-3,if we use the same sample information to obtain a 95% confidence interval,the resulting interval would be narrower than the one obtained here with 90% confidence.

Determine the maximum amount of cost recovery that can be deducted in a given year.

Calculate the cost recovery deduction for property purchased for business use, including special considerations for converted property.

Understand the limitations and specifications of §179 expense.

Recognize the tax treatment of losses from the destruction or theft of business property.

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Definitions:

Coin

A piece of metal issued by governmental authority as money.

Discriminative Stimulus

A signal in the environment that increases the likelihood of a particular response because it indicates that a specific reinforcement is available.

Generalization Stimulus

The process by which a response is made in the presence of a new stimulus that is similar, but not identical, to the original conditioned stimulus.

Reinforcer

Any stimulus that strengthens or increases the probability of a specific response.