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| Section | Weight | Objectives |
|---|---|---|
| Introduction to Actuarial Concepts | 10% | - Basic actuarial applications - Overview of actuarial work and risk management |
| Probability and Statistics | 40% | - Basic probability theory - Measures of location, dispersion and correlation - Data presentation and analysis - Discrete and continuous probability distributions - Statistical inference and hypothesis testing |
| Fundamental Mathematics | 30% | - Differential and integral calculus - Sequences and series - Mathematical constants and standard functions - Numerical methods - Algebra, equations and inequalities |
| Financial Mathematics Basics | 20% | - Time value of money - Basic investment and cash flow concepts - Interest rates and discounting - Annuities and perpetuities |
1. Identify which of the following statements is correct.
A) can be greater than or less than x.
B) is equal to x.
C) is less than x
D) is greater than x
2. Identify which of the following statements is not always true about a probability experiment.
A) The sum of the probabilities of all possible events could be more than 1
B) The sum of the probabilities of all possible outcomes must be 1.
C) The probability of an event occurring equals the number of outcomes in the event space divided by the total number of possible outcomes in the sample space.
D) The probability of an event must lie in [0,1].
3. Determine the binomial expansion of (2x-X2)3.
A) -x6+2x5-4x4+8x3
B) -x6+3x5-3x4+x3
C) -x8+2xa-4x4+8x3
D) -X6+8x3
4. Identify which of the following statements is correct.
A) In(x)+ in(n)
B) n in (x)
C) In (nx)
D) x in(n)
5. 
Calculate the minimum value of f.
A) -0.25
B) -0.75
C) 0.00
D) -0.50
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A | Question # 3 Answer: A | Question # 4 Answer: B | Question # 5 Answer: B |
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Entry exam of the Certified Actuarial Analyst qualification
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