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CAA Global Entry exam of the Certified Actuarial Analyst qualification Sample Questions:

1. Let X be a random variable.
identify which of the following statements is correct.
A)

B)

C)

D)

A) Option B
B) Option D
C) Option A
D) Option C

2. Simplify the expression:

A)

B)

C)

D)

A) Option B
B) Option D
C) Option A
D) Option C

3. Determine the stationary point(s) for the following function

A) Maximum at x = 1 and maximum at x = 3.
B) Minimum at x = -1 and maximum at x = -3.
C) Minimum at x = -3 and maximum at x = -1.
D) Minimum at x = 1 and minimum at x = 3.

4. In an Olympic Race there are 100 competitors.
Calculate the number of ways of distributing the Gold. Silver and Bronze medals amongst all of the competitors.
A)

B)

C)

D)

A) Option B
B) Option D
C) Option A
D) Option C

5. A set of 17 observed values is being studied.
Identify which of the following statements is/are true.
I The median must be equalto one of the observed values.
II. The mean could be different from all of the observed values.
Ill If the observations are positively skewed, then the mean is less than the median IV. More than one mode is not possible.

A) I only
B) III only
C) II and IV only
D) I and II only

Solutions: