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CAA Global Entry exam of the Certified Actuarial Analyst qualification Sample Questions:
1. Consider the function f(x)x2 6x=20. This functions has a stationary point at x=3.
Determine the nature of this stationary point and how we know this to be true.
A) It is a maximum stationary point because the second derivative of the function with respect to x takes the value 2, which is positive.
B) It is a minimum stationary point because the value of the function at x = 3 is 11, which is positive.
C) It is a maximum stationary point because the value of the function at x = 3 is 11, which is positive.
D) It is a minimum stationary point because the second derivative of the function with respect to x takes the value 2 which is positive.
2. Calculate
A) 951.84
B) 399.68
C) 58.88
D) 337.84
3. 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 D
B) Option C
C) Option A
D) Option B
4. Identify which of the following statements is not always true about a probability experiment.
A) The sum of the probabilities of all possible outcomes must be 1.
B) The probability of an event must lie in [0,1].
C) The sum of the probabilities of all possible events could be more than 1
D) 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.
5. Identify which of the following statements about the mean of a data set is correct.
A) It is a measure of the spread of the data.
B) It is a measure of the central tendency of the data.
C) It is a measure of the variability of the data.
D) It is a measure of the range of the data.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: D | Question # 3 Answer: C | Question # 4 Answer: C | Question # 5 Answer: A |
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