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

1. Determine which of the following statements is not true about the binomial expansion of (1+x)p, assuming p is real.

A)

B)

C) it converges when p is a p positive integer.
D)

2. Calculate the single extreme point of the function:

A) (1.1)
B) (0.1)
C) (0,2)
D) (0,4)

3. Calculate

A) 951.84
B) 58.88
C) 399.68
D) 337.84

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

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

5. Identify which of the following statements is not always true about a probability experiment.

A) The probability of an event must lie in [0,1].
B) The probability of an event occurring equals the number of outcomes in the event space divided by the total number of possible outcomes in the sample space.
C) The sum of the probabilities of all possible events could be more than 1
D) The sum of the probabilities of all possible outcomes must be 1.

Solutions: