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

1. 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 C
B) Option D
C) Option A
D) Option B

2. Differentiate with respect to X:

A)

B)

C)

D)

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

3. 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.

4. The particular solution of the second-order difference equation

Determine the values of(A, B).

A) (-2,5)
B) (5,-2)
C) (-2, 3)
D) (-3, 2)

5. Calculate

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

Solutions: