SCENARIO 8-3 To Become an Actuary,it Is Necessary to Pass a Series

question 34

Short Answer

SCENARIO 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 Scenario 8-3,the mean of the sample is_____ ,while the standard deviation of the sample is_____ .

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Definitions:

Exception Class

A type of class in programming languages designed to handle errors or exceptional events during the execution of a program.

Java.lang

A fundamental package in the Java programming language that provides classes that are basic to the language and are automatically imported.

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Part of a method declaration in Java that specifies which types of exceptions the method might throw during its execution.

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A cautionary message, often from a compiler or runtime environment, indicating potential issues in code or execution that might not necessarily stop the process.