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:

Acceptance

The actual or implied receipt and retention of that which is tendered or offered.

Understanding

The internal process of interpreting and comprehending information, concepts, or situations.

Private Party

An individual or a privately owned entity engaging in transactions or events, distinct from governmental or public parties.

Federal Government

The national government of a federal state, where powers are divided between the central government and constituent territorial units.