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

1. A set of 17 observed values is being studied.
Identify which of the following statements is/are true.
I The median must be equalto one of the observed values.
II. The mean could be different from all of the observed values.
Ill If the observations are positively skewed, then the mean is less than the median IV. More than one mode is not possible.

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

2. Calculate the sum of the following series: 3, -6,12, -24,..., -1.536.

A) -1,023
B) 3,069
C) -3,833
D) -60

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

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

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. 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 A
C) Option C
D) Option B

Solutions: