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CAA Global Module-0 Exam Syllabus Topics:

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

1. A national newspaper wants to publish the results of a survey showing people's preferences for different types of sandwiches. Identify which of the following ways of publishing the survey results is likely to be the least useful to its readers.

A) Bar chart
B) Table of data
C) Pie chart
D) Box plot

2. A set of 17 observed values is being studied.
Identify which of the following statements is/are true.
I The median must be equalto one of the observed values.
II. The mean could be different from all of the observed values.
Ill If the observations are positively skewed, then the mean is less than the median IV. More than one mode is not possible.

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

3. Two real numbers, x and y, satisfy the following inequalities:

Determine which statement is true.

A) y cannot be negative.
B) y must be positive.
C) y cannot be zero.
D) y can be negative.

4. 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 only take positive values.
C) can take one of an infinite number of values.
D) can take one of a finite number of values

5. 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

Solutions: