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

1. 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.

2. 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 A
B) Option C
C) Option B
D) Option D

3. 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

4. Let X be a random variable.
identify which of the following statements is correct.
A)

B)

C)

D)

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

5.

A) 3,286
B) 1.224
C) 986
D) 2,056

Solutions: