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

question 90

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 critical value used in constructing a 90% confidence interval is ________.

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Definitions:

Clinical Practice

The application of medical and health knowledge and skills to the care of patients.

Gold Standard

A monetary system where a country's currency or paper money has a value directly linked to gold, or a criterion or benchmark of excellence and quality.

Clinical Practice

The day-to-day practice of healthcare by professionals, including diagnosis, treatment, and care for patients in various settings.

Biological Relatives

People who are related to each other through genetic connections, such as parents, siblings, and offspring.