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CAA Global Module-0 Exam Syllabus Topics:

SectionWeightObjectives
Introduction to Actuarial Concepts10%- Basic actuarial applications
- Overview of actuarial work and risk management
Probability and Statistics40%- Discrete and continuous probability distributions
- Data presentation and analysis
- Measures of location, dispersion and correlation
- Statistical inference and hypothesis testing
- Basic probability theory
Fundamental Mathematics30%- Algebra, equations and inequalities
- Mathematical constants and standard functions
- Differential and integral calculus
- Numerical methods
- Sequences and series
Financial Mathematics Basics20%- Basic investment and cash flow concepts
- Interest rates and discounting
- Time value of money
- Annuities and perpetuities

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

1. Consider the function f(x) =x2- 5x - 3
The value of one of the roots of the above equation can be obtained by using the iteration formula

Apply the iteration formula to determine the value of the root.

A) 1.54
B) 5.53
C) 4.40
D) 0.54


2. A student is trying to estimate the root of the equation
Determine which of the suggestions will lead to the root.

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


3. The distribution of test scores from a recent clinical drug study have been tabulated below.
Determine i) whether the distribution of test scores are symmetric positively skewed or negatively skewed, and ii) the sample median value.

A) i) Positively skewed, ii)
B) i) Positively skewed, ii) 3
C) i) Symmetric, ii) 4
D) i) Negatively skewed, ii) 3


4. Let X be a continuous random variable with probability density function f(x) that is defined over all real numbers.
DefineE[g(X)]whereg(x)is a continuous function.
A)

B)

C)

D)

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


5. Identify which of the following statements is not true.

A) The coefficient of skewness for a symmetric distribution is 1.
B) The skewness is a measure of the asymmetry of a probability distribution about the mean.
C) The variance is the square of the standard deviation.
D) The standard deviation is a measure of how much variation from the mean exists in a probability distribution.


Solutions:

Question # 1
Answer: C
Question # 2
Answer: C
Question # 3
Answer: B
Question # 4
Answer: A
Question # 5
Answer: D

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