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

1. A set of 17 observed values is being studied.
Identify which of the following statements is/are true.
I The median must be equalto one of the observed values.
II. The mean could be different from all of the observed values.
Ill If the observations are positively skewed, then the mean is less than the median IV. More than one mode is not possible.

A) I and II only
B) III only
C) I only
D) II and IV only

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

Determine which statement is true.

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

3. 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) 0.54
C) 4.40
D) 1.54

4. 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 D
C) Option C
D) Option B

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) 35
B) 21
C) 2,520
D) 7

Solutions: