CAA Global Module-0 : Entry exam of the Certified Actuarial Analyst qualification

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CAA Global Module-0 Exam Syllabus Topics:

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

1. Express the following using Pi notation:

A)

B)

C)

D)

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

2. Evaluate

A)

B)

C)

D) 0

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

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

4. Identify which of the following is not true about the population variance of a set of data.

A) It can be calculated as


B) It is represented by the symbol

C) It can be calculated as
D) Its positive square root gives the standard deviation

5. 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 minimum stationary point because the value of the function at x = 3 is 11, which is positive.
B) It is a maximum 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 second derivative of the function with respect to x takes the value 2, 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.

Solutions: