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

1. 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

2. 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

3. Calculate the single extreme point of the function:

A) (0,4)
B) (1.1)
C) (0.1)
D) (0,2)

4. 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.

5. 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

Solutions: