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

1. The distribution of test scores from a recent clinical drug study have been tabulated below.
Determine i) whether the distribution of test scores are symmetric positively skewed or negatively skewed, and ii) the sample median value.

A) i) Negatively skewed, ii) 3
B) i) Positively skewed, ii) 3
C) i) Symmetric, ii) 4
D) i) Positively skewed, ii)

2. 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[X-Y] =E [X] - E [Y]
D) E[X2] = E[X]E[X]

3. Identify which of the following statements is correct.

A) is equal to x.
B) is less than x
C) is greater than x
D) can be greater than or less than x.

4. 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) £1.20
C) £2.05
D) £2.48

5. Consider the three vectors:

Determine which of (he vectors or combination of vectors shown in the options has the greatest magnitude

A) v-u
B) u+v
C) v
D) w

Solutions: