Instruction 8-4 to Become an Actuary, It Is Necessary to Pass a Pass

question 75

True/False

Instruction 8-4
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 8-4,if we use the same sample information to obtain a 95% confidence interval,the resulting interval would be narrower than the one obtained here with 90% confidence.

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Definitions:

Cones

Photoreceptor cells in the retina of the eye responsible for color vision and functioning best in bright light.

Fovea

A small depression in the retina of the eye where visual acuity is highest due to the concentration of cones.

Peripheral Vision

The part of vision that occurs outside the very center of gaze, allowing for the detection of stimuli through the sides of the eyes.

Color Vision Deficiency

A condition where an individual's ability to see or distinguish colors is impaired or reduced.