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Module-0 CAA Global Entry exam of the Certified Actuarial Analyst qualification Free Practice Exam Questions (2025 Updated)

Prepare effectively for your CAA Global Module-0 Entry exam of the Certified Actuarial Analyst qualification certification with our extensive collection of free, high-quality practice questions. Each question is designed to mirror the actual exam format and objectives, complete with comprehensive answers and detailed explanations. Our materials are regularly updated for 2025, ensuring you have the most current resources to build confidence and succeed on your first attempt.

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Total 58 questions

Identify which of the following quantities can always be derived from a box plot of a data set.

I.Mean

II.Median

III. Mode

IV. Range

V.Sample size

A.

I and III only

B.

II and IV only

C.

IV and V only

D.

I and II only

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.

II and IV only

B.

I and II only

C.

III only

D.

I only

Determine which of the following function is equal to (2+ x)3

A.

8 + 4x + 2X2+ x3

B.

8 + 12x + 2X2+ x3

C.

1+ 3x + 3X2+ x3

D.

6+ 3x + 3X2+ x3

A)

B)

C)

D)

A.

Option A

B.

Option B

C.

Option C

D.

Option D

Determine

A)

B)

C)

D)

A.

Option A

B.

Option B

C.

Option C

D.

Option D

Determine the stationary point(s) for the following function

A.

Minimum at x = -1 and maximum at x = -3.

B.

Maximum at x = 1 and maximum at x = 3.

C.

Minimum at x = -3 and maximum at x = -1.

D.

Minimum at x = 1 and minimum at x = 3.

Consider the three vectors:

Determine which of (he vectors or combination of vectors shown in the options has the greatest magnitude

A.

v-u

B.

u+v

C.

v

D.

w

Calculate the scalar product of the vectors A and B. where A = (5,10, 2) and B - (2. 3, 3).

A.

118

B.

46

C.

136

D.

(10,30,6)

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 sample variance is always greater than or equal to zero.

C.

The range can be greater than the largest value.

D.

The range is always greater than or equal to zero.

A weekly pet insurance premium is given by a solution of the following equation:

4x2-11x-3 = 0

Calculate the premium.

A.

-£1

B.

-£3

C.

-£0.75

D.

-£0.25

Identify which of the following statements is correct.

A continuous random variable is one that:

A.

must be approximated using a discrete random variable.

B.

can take one of an infinite number of values.

C.

can only take positive values.

D.

can take one of a finite number of values

Identify which of the following statements is correct.

A.

is greater than x

B.

is less than x

C.

is equal to x.

D.

can be greater than or less than x.

Calculate

A.

399.68

B.

58.88

C.

951.84

D.

337.84

Simplify the expression:

A)

B)

C)

D)

A.

Option A

B.

Option B

C.

Option C

D.

Option D

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

A.

3,069

B.

-1,023

C.

-3,833

D.

-60

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

A.

-x8+2xa-4x4+8x3

B.

-x6+2x5-4x4+8x3

C.

-X6+8x3

D.

-x6+3x5-3x4+x3

In an Olympic Race there are 100 competitors.

Calculate the number of ways of distributing the Gold. Silver and Bronze medals amongst all of the competitors.

A)

B)

C)

D)

A.

Option A

B.

Option B

C.

Option C

D.

Option D

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Total 58 questions
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