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

1. Identify which of the following is not true about the population variance of a set of data.

A) It is represented by the symbol

B) Its positive square root gives the standard deviation
C) It can be calculated as
D) It can be calculated as

2. A weekly pet insurance premium is given by a solution of the following equation:
4x2-11x-3 = 0
Calculate the premium.

A) -£0.75
B) -£0.25
C) -£3
D) -£1

3. A student is trying to estimate the root of the equation
Determine which of the suggestions will lead to the root.

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

4. Calculate the single extreme point of the function:

A) (0,4)
B) (0,2)
C) (0.1)
D) (1.1)

5. Let X and Y be two independent random variables.
Identify which of the following statements is false.

A) E [XY] E [X] E [Y]
B) E[X-Y] =E [X] - E [Y]
C) E[2X] = 2E [X
D) E[X2] = E[X]E[X]

Solutions: