
TABLE 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.
-Referring to Table 8-3, 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.
Correct Answer:
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Q66: The head librarian at the Library of
Q73: The head librarian at the Library of
Q76: The t distribution is used to develop
Q76: A confidence interval was used to estimate
Q78: TABLE 8-2
A quality control engineer is interested
Q82: TABLE 8-4
The actual voltages of power packs
Q83: TABLE 8-3
To become an actuary, it is
Q84: TABLE 8-2
A quality control engineer is interested
Q85: TABLE 8-4
The actual voltages of power packs
Q86: TABLE 8-4
The actual voltages of power packs
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