Module-0 CAA Global Entry exam of the Certified Actuarial Analyst qualification exact Exam Questions

Entry exam of the Certified Actuarial Analyst qualification

Last Update 16 hours ago Total Questions : 58

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Question # 4

Identify which of the following statements is correct.

x in(n)

In(x)+ in(n)

n in (x)

In (nx)

Question # 5

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

I and III only

II and IV only

IV and V only

I and II only

Question # 6

Consider the function f(x) x 2 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.

It is a minimum stationary point because the second derivative of the function with respect to x takes the value 2 which is positive.

It is a maximum stationary point because the value of the function at x = 3 is 11, which is positive.

It is a minimum stationary point because the value of the function at x = 3 is 11, which is positive.

It is a maximum stationary point because the second derivative of the function with respect to x takes the value 2, which is positive.

Question # 7

In an Olympic Race there are 100 competitors.

Calculate the number of ways of distributing the Gold. Silver and Bronze medals amongst all of the competitors.

Option A

Option B

Option C

Option D

Question # 8

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

The sum of the probabilities of all possible outcomes must be 1.

The sum of the probabilities of all possible events could be more than 1

The probability of an event must lie in [0,1].

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.