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

1. A weekly pet insurance premium is given by a solution of the following equation:
4x2-11x-3 = 0
Calculate the premium.

A) -£3
B) -£0.25
C) -£1
D) -£0.75

2.
Calculate the minimum value of f.

A) -0.25
B) -0.75
C) -0.50
D) 0.00

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

B)

C)

D)

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

4. Determine which of the following function is equal to (2+ x)3

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

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

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

Solutions: