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

question 71

True/False

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.
-True or False: Referring to Scenario 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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Definitions:

Generalization

In psychology, the process of responding similarly to different but related stimuli, often studied in learning and conditioning.

Rocket Propelled Grenade

A hand-held anti-tank weapon that launches grenades propelled by rockets.

Elicit Salivation

Stimulating the production of saliva through various means, commonly associated with conditioned responses in classical conditioning experiments.

Pairing

The process of associating two events or stimuli together, often used in conditioning wherein a neutral stimulus becomes associated with a meaningful one.