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

question 125

Short Answer

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,the confidence interval will be based on__________degrees of freedom.

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Definitions:

Oil

A fossil fuel formed from the decayed remains of ancient organisms, used primarily for energy production and as a raw material in manufacturing.

Natural Gas

A fossil fuel consisting mainly of methane, used for heating, electricity generation, and as fuel for vehicles, it's cleaner than other fossil fuels but still contributes to greenhouse gas emissions.

Conventional Natural Gas

Natural gas that is found in large reservoirs and can be extracted and brought to the surface with relative ease.

Gas Pipelines

Infrastructure used for transporting natural gas from its source to the place of distribution or use.