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CAA Global Module-0 Exam Syllabus Topics:

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

Question 1

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 A
C. Option D
D. Option C

Question 2

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. £1.20
C. £2.48
D. £2.40

Question 3

Identify which of the following statements are true.
I.Skewness measures how peaked a set of data is
II.Skewness is a measure of asymmetry of the distribution of the data about its mean.
III. For a symmetrically distributed data, the mean equals the median but not necessarily the mode IV. The value of a measure of skewness can be positive, zero or negative.

A. I and III only
B. II and IV only
C. II, III and IV only
D. I and II only

Question 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. II and IV only
C. III only
D. I and II only

Question 5

Determine the stationary point(s) for the following function

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

Solutions: