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

1. Identify which of the following statements is correct.
A continuous random variable is one that:

A) can take one of an infinite number of values.
B) can take one of a finite number of values
C) must be approximated using a discrete random variable.
D) can only take positive values.

2. Suppose A and B are two events and that A denotes the complement of A.
Identify the false statement.
A)

B)

C)

D)

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

3. Calculate the single extreme point of the function:

A) (0,2)
B) (1.1)
C) (0.1)
D) (0,4)

4. Calculate the sum of the following series: 3, -6,12, -24,..., -1.536.

A) -60
B) -3,833
C) 3,069
D) -1,023

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: