CAA Global CAA qualification Module-0

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

1. Determine which of the following function is equal to (2+ x)3

A) 6+ 3x + 3X2+ x3
B) 8 + 12x + 2X2+ x3
C) 8 + 4x + 2X2+ x3
D) 1+ 3x + 3X2+ x3

2. Determine the stationary point(s) for the following function

A) Minimum at x = -1 and maximum at x = -3.
B) Minimum at x = -3 and maximum at x = -1.
C) Minimum at x = 1 and minimum at x = 3.
D) Maximum at x = 1 and maximum at x = 3.

3. Identify which of the following is not true about the population variance of a set of data.

A) It is represented by the symbol

B) It can be calculated as
C) Its positive square root gives the standard deviation
D) It can be calculated as

4. Let x and y be two positive real numbers.
Rewrite the following equation such that y becomes the subject of the formula:

A)

B)

C)

D)

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

5. A snack bar does not give an itemised bill tor drinks In the past three visits, the total bills have been:
1) Three teas, two coffees and one lemonade cost £9.80
2) One tea four coffees and two lemonades cost £13.60
3) Two teas, two coffees andtwo lemonades cost£10
Calculate the price for a single coffee, given the prices have been the same for the three visits.

A) £2.40
B) £2.05
C) £2.48
D) £1.20

Solutions: