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

question 119

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, the mean of the sample is ________, while the standard deviation of the sample is ________.

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Definitions:

General Cognitive Ability

General Cognitive Ability refers to a person's overall capacity of mental processes, encompassing reasoning, problem-solving, planning, abstract thinking, complex idea comprehension, learning quickly, and learning from experience.

Later Adulthood

A stage of human development typically referring to individuals aged 65 and over, often characterized by retirement, physical aging, and significant life reflection.

Crystallized Cognitive Ability

Refers to the ability to use learned knowledge and experience.

Crystallized Cognitive Ability

The ability to utilize acquired knowledge and experience effectively.