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

1. 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) I and III only
D) IV and V only

2. Differentiate with respect to X:

A)

B)

C)

D)

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

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

A) it converges when p is a p positive integer.
B)

C)

D)

4. A snack bar does not give an itemised bill tor drinks In the past three visits, the total bills have been:
1) Three teas, two coffees and one lemonade cost £9.80
2) One tea four coffees and two lemonades cost £13.60
3) Two teas, two coffees andtwo lemonades cost£10
Calculate the price for a single coffee, given the prices have been the same for the three visits.

A) £1.20
B) £2.40
C) £2.05
D) £2.48

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

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

Solutions: