Instruction 8-9 to Become an Actuary, It Is Necessary to Pass a Pass

question 5

True/False

Instruction 8-9
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 Instruction 8-9,for the confidence interval to be valid,it is necessary that test scores of students in the special study program on the actuarial exam be normally distributed.

---

Definitions:

Secondary Strikes

Secondary strikes involve workers going on strike in solidarity with workers from a different company or industry, aiming to support another group's strike or labour dispute.

Globalization

The process of increased interconnectedness among countries, primarily in economics, politics, and culture, due to advances in communication and transportation.

International Trade

The exchange of goods, services, and capital between countries, driven by a desire for economic benefit and efficiency.

Economic Changes

Refers to shifts in the structure, performance, or organization of an economy, including changes in market conditions, regulatory environments, and the distribution of wealth and resources.