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

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

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

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.

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

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

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: