TABLE 8-4 to Become an Actuary, It Is Necessary to Pass a Pass

question 39

Short Answer

TABLE 8-4
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 8-4, the critical value used in constructing a 90% confidence interval is____

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Definitions:

Interviewing Mistake

Errors made during the job interview process, which could negatively affect the assessment of a candidate or the candidate's perception of the employer.

Personal Biases

Individual prejudices or preconceived notions that influence one’s judgment or decision-making process.

Overpreparing

The act of preparing more thoroughly or in greater detail than necessary, often at the expense of flexibility or spontaneity.

Not Listening

The act of ignoring or failing to pay attention to information, instructions, or feedback, often leading to misunderstandings or mistakes.