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

1. A snack bar does not give an itemised bill tor drinks In the past three visits, the total bills have been:
1) Three teas, two coffees and one lemonade cost £9.80
2) One tea four coffees and two lemonades cost £13.60
3) Two teas, two coffees andtwo lemonades cost£10
Calculate the price for a single coffee, given the prices have been the same for the three visits.

A) £1.20
B) £2.05
C) £2.40
D) £2.48

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

3. 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

4. Determine which of the following statements is not true about the binomial expansion of (1+x)p, assuming p is real.

A)

B)

C)

D) it converges when p is a p positive integer.

5. Identify which of the following statements is not true about the probability density function of a continuous random variable.

A) Differentiating it gives the cumulative distribution function.
B) It must be non-negative.
C) It could be greater than 1.
D) Integrating it across its domain must produce an answer of 1.

Solutions: