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

1. A snack bar does not give an itemised bill tor drinks In the past three visits, the total bills have been:
1) Three teas, two coffees and one lemonade cost £9.80
2) One tea four coffees and two lemonades cost £13.60
3) Two teas, two coffees andtwo lemonades cost£10
Calculate the price for a single coffee, given the prices have been the same for the three visits.

A) £2.05
B) £2.48
C) £2.40
D) £1.20

2. 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 D
B) Option B
C) Option A
D) Option C

3. Determine which of the following function is equal to (2+ x)3

A) 8 + 4x + 2X2+ x3
B) 1+ 3x + 3X2+ x3
C) 8 + 12x + 2X2+ x3
D) 6+ 3x + 3X2+ x3

4. 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 only
B) I and II only
C) II and IV only
D) III only

5. Identify which of the following statements about statistical measures for a set of data is false.

A) The range can be greater than the largest value.
B) The sample variance is always greater than or equal to zero.
C) The range is always greater than or equal to zero.
D) The sample variance is always smaller than or equal to the largest value.

Solutions: