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

1. 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

2. Consider the function f(x)x2 6x=20. This functions has a stationary point at x=3.
Determine the nature of this stationary point and how we know this to be true.

A) It is a minimum stationary point because the value of the function at x = 3 is 11, which is positive.
B) It is a minimum stationary point because the second derivative of the function with respect to x takes the value 2 which is positive.
C) It is a maximum stationary point because the value of the function at x = 3 is 11, which is positive.
D) It is a maximum stationary point because the second derivative of the function with respect to x takes the value 2, which is positive.

3. Determine

A)

B)

C)

D)

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

4. 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

5. A national newspaper wants to publish the results of a survey showing people's preferences for different types of sandwiches. Identify which of the following ways of publishing the survey results is likely to be the least useful to its readers.

A) Box plot
B) Bar chart
C) Table of data
D) Pie chart

Solutions: