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

1. 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 B
B) Option D
C) Option A
D) Option C

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

A)

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

D)

3. The distribution of test scores from a recent clinical drug study have been tabulated below.
Determine i) whether the distribution of test scores are symmetric positively skewed or negatively skewed, and ii) the sample median value.

A) i) Positively skewed, ii) 3
B) i) Positively skewed, ii)
C) i) Negatively skewed, ii) 3
D) i) Symmetric, ii) 4

4. In an Olympic Race there are 100 competitors.
Calculate the number of ways of distributing the Gold. Silver and Bronze medals amongst all of the competitors.
A)

B)

C)

D)

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

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 maximum stationary point because the value of the function at x = 3 is 11, which is positive.
C) It is a minimum 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: