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

1. Let x and y be two positive real numbers.
Rewrite the following equation such that y becomes the subject of the formula:

A)

B)

C)

D)

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

2. Identify the necessary and sufficient condition under which the quadratic equation ax2+ 2a2x + a3= 0 hasone repeated real root.

A) a>0
B) a = 0
C) a0
D) a<0

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

4. Determine which of the following statements is not true about the binomial expansion of (1+x)p, assuming p is real.

A)

B)

C) it converges when p is a p positive integer.
D)

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

Solutions: