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

1. Let X be a random variable.
identify which of the following statements is correct.
A)

B)

C)

D)

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

2. Consider the function f(x) =x2- 5x - 3
The value of one of the roots of the above equation can be obtained by using the iteration formula

Apply the iteration formula to determine the value of the root.

A) 1.54
B) 4.40
C) 5.53
D) 0.54

3. 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

4. Calculate

A) 951.84
B) 399.68
C) 337.84
D) 58.88

5. 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 range of the data.
C) It is a measure of the variability of the data.
D) It is a measure of the spread of the data.

Solutions: