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

A) -£3
B) -£1
C) -£0.75
D) -£0.25

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

3. Let X and Y be two independent random variables.
Identify which of the following statements is false.

A) E [XY] E [X] E [Y]
B) E[2X] = 2E [X
C) E[X2] = E[X]E[X]
D) E[X-Y] =E [X] - E [Y]

4.
Calculate the minimum value of f.

A) -0.50
B) -0.25
C) 0.00
D) -0.75

5. Calculate the scalar product of the vectors A and B. where A = (5,10, 2) and B - (2. 3, 3).

A) 136
B) (10,30,6)
C) 118
D) 46

Solutions: