CAA Global Module-0 : Entry exam of the Certified Actuarial Analyst qualification

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CAA Global Module-0 Exam Syllabus Topics:

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

Question 1

Identify which of the following quantities can always be derived from a box plot of a data set.
I.Mean
II.Median
III. Mode
IV. Range
V.Sample size

A. I and III only
B. II and IV only
C. I and II only
D. IV and V only

Question 2

A snack bar does not give an itemised bill tor drinks In the past three visits, the total bills have been:
1) Three teas, two coffees and one lemonade cost £9.80
2) One tea four coffees and two lemonades cost £13.60
3) Two teas, two coffees andtwo lemonades cost£10
Calculate the price for a single coffee, given the prices have been the same for the three visits.

A. £1.20
B. £2.05
C. £2.40
D. £2.48

Question 3

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 variability of the data.
C. It is a measure of the range of the data.
D. It is a measure of the spread of the data.

Question 4

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

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

Question 5

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

A. -£0.25
B. -£3
C. -£0.75
D. -£1

Solutions: