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

1. Identify which of the following statements about the mean of a data set is correct.

A) It is a measure of the central tendency of the data.
B) It is a measure of the range of the data.
C) It is a measure of the variability of the data.
D) It is a measure of the spread of the data.

2. Calculate the single extreme point of the function:

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

3.

A)

B)

C)

D)

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

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

A) -£3
B) -£0.75
C) -£0.25
D) -£1

5. Identify the necessary and sufficient condition under which the quadratic equation ax2+ 2a2x + a3= 0 hasone repeated real root.

A) a<0
B) a = 0
C) a0
D) a>0

Solutions: