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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) is less than x
B) is greater than x
C) can be greater than or less than x.
D) is equal to x.

2. 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 A
B) Option D
C) Option B
D) Option C

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

4. Identify which of the following values is represented by:

A) The total area under the graph of f(x) between A and B.
B) The change in the gradient off(x) between A and B.
C) The total increase in the value of f(x) between A and B.
D) The average gradient off(x) between A and B.

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

Solutions: