SCENARIO 8-3 To Become an Actuary,it Is Necessary to Pass a Series

question 63

Short Answer

SCENARIO 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 Scenario 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:

Individualist Cultures

Societies that prioritize the needs and goals of the individual over the group.

Collectivist Cultures

Societies that prioritize group goals over individual ones and emphasize strong social ties and interdependence.

Ostracism

The exclusion of an individual or group from wider society, often used as a form of social punishment or correction.

Cyberball

A virtual ball-tossing game used in psychological research to study social exclusion and its effects.