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

1. 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) I and II only
C) II and III only
D) II and IV only

2. Identify which of the following statements is not true about the probability density function of a continuous random variable.

A) It could be greater than 1.
B) It must be non-negative.
C) Integrating it across its domain must produce an answer of 1.
D) Differentiating it gives the cumulative distribution function.

3. A national newspaper wants to publish the results of a survey showing people's preferences for different types of sandwiches. Identify which of the following ways of publishing the survey results is likely to be the least useful to its readers.

A) Bar chart
B) Pie chart
C) Table of data
D) Box plot

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. Identify which of the following statements is true,where X is a discrete random variable that exists over the domain [a. b], and F(x) is its distribution function.
A)

B)

C)

D)

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

Solutions: