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

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

1. Express the following using Pi notation:

A)

B)

C)

D)

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

2. Identify which of the following statements is correct.
A continuous random variable is one that:

A) can only take positive values.
B) can take one of a finite number of values
C) must be approximated using a discrete random variable.
D) can take one of an infinite number of values.

3. The volume of a cone can be determined by summing up the infinitesimal circular cross-sections of the cone across the length of the cone Consider the function f(x) = x2 for x contained in [0,1].

Now consider an infinitesimal circular cross-sectional element of width dx and radius r = f(x) Determine the volume of the cone enclosedby the function f(x) by considering the volume of each circular cross-sectional element (Recall thatthe sum of infinitesimal elements can be represented as an integral Recall also that the area of a

circle is
A)

B)

C)

D)
1

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

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

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

5. Multiplythe following two matrices together.

A)

B)

C)

D)

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

Solutions: