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

1. Express the following using Pi notation:

A)

B)

C)

D)

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

2. 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

3. Identify the necessary and sufficient condition under which the quadratic equation ax2+ 2a2x + a3= 0 hasone repeated real root.

A) a0
B) a = 0
C) a>0
D) a<0

4. Calculate the determinant of the product of the matrices given below:

A) -60
B) -0 00227
C) -440
D) -78

5. 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 sum of the probabilities of all possible outcomes must be 1.
C) The probability of an event must lie in [0,1].
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.

Solutions: