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

question 71

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.
-Referring to Table 8-3, it is possible that the confidence interval obtained will not contain the mean score for all actuarial students in the special class.

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Delegator

A party that assigns tasks, responsibilities, or authority to another party, typically in a contractual or employment relationship.

Assignor

The party in a contract who transfers their rights or interests in a property or agreement to another party, known as the assignee.

Assignee

An individual or entity to whom rights or interests have been transferred by another party, known as the assignor.

Agent

An individual authorized to act on behalf of another person or entity, typically in business or legal matters.