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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 true about the probability density function of a continuous random variable.

A) Differentiating it gives the cumulative distribution function.
B) It could be greater than 1.
C) It must be non-negative.
D) Integrating it across its domain must produce an answer of 1.

2. Identify which of the following statements are true.
I.Skewness measures how peaked a set of data is
II.Skewness is a measure of asymmetry of the distribution of the data about its mean.
III. For a symmetrically distributed data, the mean equals the median but not necessarily the mode IV. The value of a measure of skewness can be positive, zero or negative.

A) II, III and IV only
B) I and III only
C) I and II only
D) II and IV only

3. Identify which of the following statements is correct.
A continuous random variable is one that:

A) can only take positive values.
B) must be approximated using a discrete random variable.
C) can take one of an infinite number of values.
D) can take one of a finite number of values

4. Consider the following definite integral:

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

B)

C)

D)

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

5. 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 A
B) Option B
C) Option D
D) Option C

Solutions: