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:

Adaptation Process

The method by which individuals or groups adjust to changes in their environment or circumstances.

Scope

The extent of the area or subject matter that something deals with or to which it is relevant; often defined at the beginning of a project.

Venue

A place where an event or meeting is held.

Emotional State

An individual's current feelings or mood, which can influence their thoughts and behavior.