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CAA Global Module-0 Exam Syllabus Topics:

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

Question 1

Identify which of the following statements is not always true about a probability experiment.

A. The probability of an event must lie in [0,1].
B. 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.
C. The sum of the probabilities of all possible events could be more than 1
D. The sum of the probabilities of all possible outcomes must be 1.

Question 2

A weekly pet insurance premium is given by a solution of the following equation:
4x2-11x-3 = 0
Calculate the premium.

A. -£0.75
B. -£1
C. -£0.25
D. -£3

Question 3

Identify which of the following statements are true.
I.Skewness measures how peaked a set of data is
II.Skewness is a measure of asymmetry of the distribution of the data about its mean.
III. For a symmetrically distributed data, the mean equals the median but not necessarily the mode IV. The value of a measure of skewness can be positive, zero or negative.

A. I and II only
B. I and III only
C. II and IV only
D. II, III and IV only

Question 4

Identify which of the following statements is true,where X is a discrete random variable that exists over the domain [a. b], and F(x) is its distribution function.
A)

B)

C)

D)

A. Option A
B. Option D
C. Option B
D. Option C

Question 5

Identify which of the following statements is not true about the probability density function of a continuous random variable.

A. It could be greater than 1.
B. Integrating it across its domain must produce an answer of 1.
C. Differentiating it gives the cumulative distribution function.
D. It must be non-negative.

Solutions: