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

question 38

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, a 90% confidence interval for the mean score of actuarial students in the special program is from ________ to ________.

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Definitions:

Feedback on Failures

Information provided about unsuccessful outcomes or errors, aimed at learning and improvement purposes.

Displeased Supervisors

Managers or leaders who are not satisfied with the performance or behavior of their subordinates.

Union Activity

Actions and efforts by labor unions to represent and protect the interests of workers, including negotiations for better wages, benefits, and working conditions.

Employee Satisfaction

The degree to which employees are content, fulfilled, and happy with their jobs and work environment, contributing to lower turnover rates and higher productivity.