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

question 53

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, for the confidence interval to be valid, it is necessary that test scores of students in the special study program on the actuarial exam be normally distributed.

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A group of individuals within an organization who are responsible for making purchasing decisions, often comprising members from different departments and roles.

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A group of individuals within an organization who are involved in making a purchase decision, each playing different roles in the process.