TABLE 8-3 to Become an Actuary, It Is Necessary to Pass a Pass

question 38

Short Answer

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.
-Referring to Table 8-3, a 90% confidence interval for the mean score of actuarial students in the special program is from ________ to ________.

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Definitions:

Unconditioned Response

an automatic, natural reaction to a stimulus that occurs without prior learning or conditioning.

Distinctiveness

The quality of being unique or different in a manner that makes someone or something stand out from others.

Consensus

A general agreement or unified opinion among a group of people, often achieved through discussion and collaboration.

Consistency

The quality of always acting or behaving in the same way, leading to predictable and reliable outcomes or performances.