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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. Identify which of the following statements is correct.

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

3. 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 D
B) Option C
C) Option A
D) Option B

4. Identify which of the following statements is true,where X is a discrete random variable that exists over the domain [a. b], and F(x) is its distribution function.
A)

B)

C)

D)

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

5. Determine the binomial expansion of (2x-X2)3.

A) -x6+2x5-4x4+8x3
B) -x6+3x5-3x4+x3
C) -x8+2xa-4x4+8x3
D) -X6+8x3

Solutions: