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

question 17

True/False

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.
-True or False: Referring to Scenario 8-3, it is possible that the confidence interval obtained
will not contain the mean score for all actuarial students in the special study program.

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Definitions:

Oak

A group of trees or shrubs in the genus Quercus, known for their durable wood and significance in various habitats.

Hydrogen Fuel Source

A clean energy option using hydrogen gas as fuel, producing water as the only emission when consumed in a fuel cell.

Ozone Depletion

The gradual thinning of the earth's ozone layer in the stratosphere, primarily caused by the release of chemical compounds containing gaseous bromine or chlorine from industry and other human activities.

Carbon Dioxide

A colorless, odorless gas produced by burning carbon and organic compounds and by respiration. It is naturally present in the atmosphere and is absorbed by plants in photosynthesis.