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

1. Identify which of the following statements about statistical measures for a set of data is false.

A) The sample variance is always smaller than or equal to the largest value.
B) The range is always greater than or equal to zero.
C) The sample variance is always greater than or equal to zero.
D) The range can be greater than the largest value.

2. Two real numbers, x and y, satisfy the following inequalities:

Determine which statement is true.

A) y must be positive.
B) y can be negative.
C) y cannot be negative.
D) y cannot be zero.

3. Let X be a random variable.
identify which of the following statements is correct.
A)

B)

C)

D)

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

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

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

5. Identify which of the following is not true about the population variance of a set of data.

A) Its positive square root gives the standard deviation
B) It can be calculated as
C) It can be calculated as


D) It is represented by the symbol

Solutions: