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CAA Global Entry exam of the Certified Actuarial Analyst qualification Sample Questions:
1. 
A) 2,056
B) 3,286
C) 986
D) 1.224
2. A snack bar does not give an itemised bill tor drinks In the past three visits, the total bills have been:
1) Three teas, two coffees and one lemonade cost £9.80
2) One tea four coffees and two lemonades cost £13.60
3) Two teas, two coffees andtwo lemonades cost£10
Calculate the price for a single coffee, given the prices have been the same for the three visits.
A) £2.48
B) £2.05
C) £1.20
D) £2.40
3. 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 and II only
B) II and IV only
C) I only
D) III only
4. Consider the function f(x)x2 6x=20. This functions has a stationary point at x=3.
Determine the nature of this stationary point and how we know this to be true.
A) It is a maximum stationary point because the second derivative of the function with respect to x takes the value 2, which is positive.
B) It is a maximum stationary point because the value of the function at x = 3 is 11, which is positive.
C) It is a minimum stationary point because the second derivative of the function with respect to x takes the value 2 which is positive.
D) It is a minimum stationary point because the value of the function at x = 3 is 11, which is positive.
5. Determine which of the following statements is not true about the binomial expansion of (1+x)p, assuming p is real.
A)
B)
C) it converges when p is a p positive integer.
D) 
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: D | Question # 3 Answer: C | Question # 4 Answer: D | Question # 5 Answer: A |



