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

question 122

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, if we use the same sample information to obtain a
95% confidence interval, the resulting interval would be narrower than the one obtained here
with 90% confidence.

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Definitions:

Biodiversity

The variety of life in the world or in a particular habitat or ecosystem, including the diversity of species, genetics, and ecosystems.

Human Ecosystems

Complex systems of interaction between human communities and their environment, integrating social, cultural, and economic dimensions.

Dominant Social Paradigm

A prevailing set of attitudes, beliefs, and practices in society that tends to persist over time, influencing social norms and values.

Alternative Environmental Paradigm

Advocates living in harmony with the environment, not dominating it.