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

1. Identify which of the following statements is correct.
A continuous random variable is one that:

A) must be approximated using a discrete random variable.
B) can take one of an infinite number of values.
C) can take one of a finite number of values
D) can only take positive values.

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

A) It can be calculated as
B) It is represented by the symbol

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

3. Calculate the determinant of the product of the matrices given below:

A) -78
B) -60
C) -0 00227
D) -440

4. Identify which of the following statements is not always true about a probability experiment.

A) The probability of an event occurring equals the number of outcomes in the event space divided by the total number of possible outcomes in the sample space.
B) The probability of an event must lie in [0,1].
C) The sum of the probabilities of all possible events could be more than 1
D) The sum of the probabilities of all possible outcomes must be 1.

5. A basketball squad contains 7 players. The team that lines up on the court tor the start of a match contains 5 ofthe players Calculate how many different teams can be fielded from the squad of 7 players

A) 7
B) 35
C) 2,520
D) 21

Solutions: