CAA Global Entry exam of the Certified Actuarial Analyst qualification

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

QUESTION NO: 1
Identify which of the following statements is not true about the probability density function of a continuous random variable.

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

Correct Answer: D

QUESTION NO: 2
A weekly pet insurance premium is given by a solution of the following equation:
4x2-11x-3 = 0
Calculate the premium.

A. -£3 B. -£0.75 C. -£1 D. -£0.25

Correct Answer: A

QUESTION NO: 3
Determine which of the following function is equal to (2+ x)3

A. 8 + 4x + 2X2+ x3 B. 1+ 3x + 3X2+ x3 C. 6+ 3x + 3X2+ x3 D. 8 + 12x + 2X2+ x3

Correct Answer: D

QUESTION NO: 4
Identify which of the following statements about the mean of a data set is correct.

A. It is a measure of the central tendency of the data. B. It is a measure of the variability of the data. C. It is a measure of the range of the data. D. It is a measure of the spread of the data.

Correct Answer: D

QUESTION NO: 5
Identify which of the following quantities can always be derived from a box plot of a data set.
I.Mean
II.Median
III. Mode
IV. Range
V.Sample size

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

Correct Answer: C

QUESTION NO: 6
Express the following using Pi notation:

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

Correct Answer: A