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

1. Identify which of the following non-terminating geometric series converge, for values of x such that 1 < x < 2.

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

2. Suppose A and B are two events and that A denotes the complement of A.
Identify the false statement.
A)

B)

C)

D)

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

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

4. 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 a finite number of values
D) can take one of an infinite number of values.

5. 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

Solutions: