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

question 119

Short Answer

TABLE 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 Table 8-3, the mean of the sample is ________, while the standard deviation of the sample is ________.

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Definitions:

Conflict

A situation or process where two or more parties perceive that their interests are incompatible, leading to potential opposition or antagonistic interaction.

Concern For Self

The degree to which an individual is primarily focused on their own interests, needs, and well-being.

Conflict Management

Strategies and processes employed to handle and resolve disputes or disagreements effectively, balancing the needs and interests of all parties involved.

Concern For Others

The regard or consideration for the wellbeing and interests of other people.