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

1. A set of 17 observed values is being studied.
Identify which of the following statements is/are true.
I The median must be equalto one of the observed values.
II. The mean could be different from all of the observed values.
Ill If the observations are positively skewed, then the mean is less than the median IV. More than one mode is not possible.

A) II and IV only
B) III only
C) I only
D) I and II only

2.
Calculate the minimum value of f.

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

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

A)

B)

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

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

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

5. Identify which of the following is not true about the population variance of a set of data.

A) It can be calculated as
B) It is represented by the symbol

C) Its positive square root gives the standard deviation
D) It can be calculated as

Solutions: