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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 ________.
Federal Trade Commission
A U.S. federal agency tasked with protecting consumers and competition by preventing anticompetitive, deceptive, and unfair business practices.
Consumer Protection
Laws and practices designed to ensure the rights of consumers, as well as fair trade, competition, and accurate information in the marketplace.
Third-Party Check
A check that is written by one person or entity to another but is then given to a third party to be cashed or deposited.
Unknown Party
An individual or entity whose identity is not known or cannot be confirmed.
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