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

1. 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 sum of the probabilities of all possible outcomes must be 1.
C) 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.
D) The sum of the probabilities of all possible events could be more than 1

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

A) it converges when p is a p positive integer.
B)

C)

D)

3. Consider the function f(x) =x2- 5x - 3
The value of one of the roots of the above equation can be obtained by using the iteration formula

Apply the iteration formula to determine the value of the root.

A) 1.54
B) 5.53
C) 4.40
D) 0.54

4. Consider the following definite integral:

Determine for which combination of a and b the integral converges.
A)

B)

C)

D)

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

5. Calculate

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

Solutions: