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

2. Let X be a continuous random variable with probability density function f(x) that is defined over all real numbers.
DefineE[g(X)]whereg(x)is a continuous function.
A)

B)

C)

D)

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

3. Differentiate with respect to X:

A)

B)

C)

D)

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

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

A)

B)

C)

D) it converges when p is a p positive integer.

5. Calculate

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

Solutions: