CAA Global Module-0 Test Passed : Entry exam of the Certified Actuarial Analyst qualification

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

1. Two real numbers, x and y, satisfy the following inequalities:

Determine which statement is true.

A) y can be negative.
B) y must be positive.
C) y cannot be negative.
D) y cannot be zero.

2. Differentiate f(x) with respect to x, where
A)

B)

C)

D)

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

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

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

4. Identify which of the following statements is not always true about a probability experiment.

A) The sum of the probabilities of all possible events could be more than 1
B) 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.
C) The sum of the probabilities of all possible outcomes must be 1.
D) The probability of an event must lie in [0,1].

5.
Calculate the minimum value of f.

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

Solutions: