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CAA Global Module-0 Exam Syllabus Topics:

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

1. Determine the stationary point(s) for the following function

A) Minimum at x = -1 and maximum at x = -3.
B) Minimum at x = 1 and minimum at x = 3.
C) Minimum at x = -3 and maximum at x = -1.
D) Maximum at x = 1 and maximum at x = 3.

2. 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 B
B) Option C
C) Option A
D) Option D

3. Identify which of the following values is represented by:

A) The change in the gradient off(x) between A and B.
B) The total area under the graph of f(x) between A and B.
C) The total increase in the value of f(x) between A and B.
D) The average gradient off(x) between A and B.

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

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

5. Identify which of the following statements is not true.

A) The variance is the square of the standard deviation.
B) The skewness is a measure of the asymmetry of a probability distribution about the mean.
C) The coefficient of skewness for a symmetric distribution is 1.
D) The standard deviation is a measure of how much variation from the mean exists in a probability distribution.

Solutions: