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

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

A) Its positive square root gives the standard deviation
B) It can be calculated as


C) It is represented by the symbol

D) It can be calculated as

2. Determine the stationary point(s) for the following function

A) Minimum at x = -3 and maximum at x = -1.
B) Minimum at x = 1 and minimum at x = 3.
C) Minimum at x = -1 and maximum at x = -3.
D) Maximum at x = 1 and maximum at x = 3.

3. Suppose A and B are two events and that A denotes the complement of A.
Identify the false statement.
A)

B)

C)

D)

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

4. Identify which of the following statements is correct.
For a continuous random variable X, the distribution function evaluated at X= x measures:

A) P(X = x)
B) P(xx)
C) P(X<x)
D) P(X>x)

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

Solutions: