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

1. Identify which of the following statements is true,where X is a discrete random variable that exists over the domain [a. b], and F(x) is its distribution function.
A)

B)

C)

D)

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

2. Two real numbers, x and y, satisfy the following inequalities:

Determine which statement is true.

A) y cannot be negative.
B) y can be negative.
C) y must be positive.
D) y cannot be zero.

3. Consider the function f(x) =x2- 5x - 3
The value of one of the roots of the above equation can be obtained by using the iteration formula

Apply the iteration formula to determine the value of the root.

A) 5.53
B) 1.54
C) 0.54
D) 4.40

4. Let X be a continuous random variable with probability density function f(x) that is defined over all real numbers.
DefineE[g(X)]whereg(x)is a continuous function.
A)

B)

C)

D)

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

5. Identify the necessary and sufficient condition under which the quadratic equation ax2+ 2a2x + a3= 0 hasone repeated real root.

A) a = 0
B) a<0
C) a>0
D) a0

Solutions: