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

question 17

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, it is possible that the confidence interval obtained
will not contain the mean score for all actuarial students in the special study program.

Apply probability principles to evaluate outcomes of random trials.

Analyze real-world data to make statistical inferences.

Understand the concept of hypothesis testing, including the formulation of null and alternative hypotheses.

Grasp the significance and interpretation of P-values in hypothesis testing.

---

Definitions:

Gay Identity

A person's self-identification as gay, which involves the recognition and acceptance of one's own homosexuality.

Coming Out

The process by which an individual publicly acknowledges their sexual orientation or gender identity.

Homosexual Subculture

A subset of society that consists of individuals who identify as homosexual and share common cultural practices, beliefs, or experiences, distinct from the dominant sexual norms.

Homosexuals

People who experience romantic or sexual attraction towards others of the same gender.