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

1.
Calculate the minimum value of f.

A) 0.00
B) -0.25
C) -0.50
D) -0.75

2. Determine which of the following statements is not true about the binomial expansion of (1+x)p, assuming p is real.

A) it converges when p is a p positive integer.
B)

C)

D)

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

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

4. 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[2X] = 2E [X
C) E[X-Y] =E [X] - E [Y]
D) E[X2] = E[X]E[X]

5. Calculate

A) 58.88
B) 337.84
C) 399.68
D) 951.84

Solutions: