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

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

A) Its positive square root gives the standard deviation
B) It is represented by the symbol

C) It can be calculated as


D) It can be calculated as

2. Identify the necessary and sufficient condition under which the quadratic equation ax2+ 2a2x + a3= 0 hasone repeated real root.

A) a<0
B) a>0
C) a = 0
D) a0

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

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

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

A) -£3
B) -£0.25
C) -£1
D) -£0.75

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: