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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____
Homeostasis
The process by which biological systems tend to maintain stability while adjusting to conditions that are optimal for survival.
Internal State
Refers to an individual's psychological or emotional condition at a given moment, often invisible to outsiders.
Tension
A psychological state or physical condition resulting from the conflict between internal needs and external forces, often leading to stress.
Drive Theory
A psychological concept suggesting that motivation arises from biological drives that propel an organism to satisfy its needs.
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