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

1. Identify which of the following statements are true.
I.Skewness measures how peaked a set of data is
II.Skewness is a measure of asymmetry of the distribution of the data about its mean.
III. For a symmetrically distributed data, the mean equals the median but not necessarily the mode IV. The value of a measure of skewness can be positive, zero or negative.

A) I and II only
B) I and III only
C) II, III and IV only
D) II and IV only

2. Calculate

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

3. Identify which of the following statements is correct.

A) n in (x)
B) x in(n)
C) In(x)+ in(n)
D) In (nx)

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

A) It is a measure of the spread 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 range of the data.

5. Consider the function f(x)x2 6x=20. This functions has a stationary point at x=3.
Determine the nature of this stationary point and how we know this to be true.

A) It is a minimum stationary point because the second derivative of the function with respect to x takes the value 2 which is positive.
B) It is a minimum stationary point because the value of the function at x = 3 is 11, which is positive.
C) It is a maximum stationary point because the value of the function at x = 3 is 11, which is positive.
D) It is a maximum stationary point because the second derivative of the function with respect to x takes the value 2, which is positive.

Solutions: