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

1. Express the following using Pi notation:

A)

B)

C)

D)

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

2.

A)

B)

C)

D)

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

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

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

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

5. Calculate the determinant of the product of the matrices given below:

A) -440
B) -60
C) -0 00227
D) -78

Solutions: