To become an actuary, it is necessary to pass a series of 10 exams, including the most

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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 Scenario 8-3, the confidence interval will be based on ________ degrees of freedom.

Referring to Scenario 8-3, the critical value used in constructing a 90% confidence interval is ________.

Posted Date: Sep 28, 2021 08:37 PM

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To become an actuary, it is necessary to pass a series of 10 exams, including the most

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