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

question 157

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 mean of the sample is____ , while the standard deviation of the sample is _____.

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Definitions:

Task Groups

Teams assembled with the specific purpose of achieving a certain task, project, or objective, often characterized by focused planning and action.

Early Development

Refers to the initial stages of growth and formation in both humans and animals, focusing on physical, cognitive, and emotional development.

Group's Goals

Collective objectives or aims that members of a group strive to achieve together.

Conflict

A struggle or disagreement between opposing parties or ideas, which can occur at personal, societal, or international levels.