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CAA Global Module-0 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Fundamental Mathematics | - Numerical methods - Algebra
|
| Topic 2: Mathematical Techniques | - Basic modeling concepts - Mathematical notation and functions |
| Topic 3: Probability and Statistics | - Statistical distributions - Probability theory - Descriptive statistics |
CAA Global Entry exam of the Certified Actuarial Analyst qualification Sample Questions:
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. 4.40
- C. 0.54
- D. 1.54
Correct Answer: B 🗳️
Identify which of the following statements is correct.
A continuous random variable is one that:
- A. can only take positive values.
- B. must be approximated using a discrete random variable.
- C. can take one of an infinite number of values.
- D. can take one of a finite number of values
Correct Answer: B 🗳️
Calculate the single extreme point of the function:
- A. (0,4)
- B. (1.1)
- C. (0.1)
- D. (0,2)
Correct Answer: D 🗳️
Identify which of the following statements is not always true about a probability experiment.
- A. The sum of the probabilities of all possible outcomes must be 1.
- B. The probability of an event must lie in [0,1].
- C. The sum of the probabilities of all possible events could be more than 1
- D. 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.
Correct Answer: C 🗳️
A basketball squad contains 7 players. The team that lines up on the court tor the start of a match contains 5 ofthe players Calculate how many different teams can be fielded from the squad of 7 players
- A. 21
- B. 7
- C. 2,520
- D. 35
Correct Answer: A 🗳️
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