6. To become an actuary, it is necessary to pass a series 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. a) The mean of the sample is while the standard deviation of the sample is b) The critical value used in constructing a 90% confidence interval is c) A 90% confidence interval for the mean score of actuarial students in the special program is from to d) Interpret your results.

6. To become an actuary, it is necessary to pass a series 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. a) The mean of the sample is while the standard deviation of the sample is b) The critical value used in constructing a 90% confidence interval is c) A 90% confidence interval for the mean score of actuarial students in the special program is from to d) Interpret your results.

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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