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CAA Global Module-0 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Introduction to Actuarial Concepts | 10% | - Overview of actuarial work and risk management - Basic actuarial applications |
| Topic 2: Probability and Statistics | 40% | - Measures of location, dispersion and correlation - Data presentation and analysis - Basic probability theory - Discrete and continuous probability distributions - Statistical inference and hypothesis testing |
| Topic 3: Fundamental Mathematics | 30% | - Numerical methods - Mathematical constants and standard functions - Algebra, equations and inequalities - Differential and integral calculus - Sequences and series |
| Topic 4: Financial Mathematics Basics | 20% | - Basic investment and cash flow concepts - Interest rates and discounting - Annuities and perpetuities - Time value of money |
CAA Global Entry exam of the Certified Actuarial Analyst qualification Sample Questions:
1. Calculate
A) 58.88
B) 951.84
C) 337.84
D) 399.68
2. Simplify the expression:
A)
B)
C)
D)
A) Option D
B) Option A
C) Option B
D) Option C
3. 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) £2.05
B) £2.40
C) £2.48
D) £1.20
4. Let X and Y be two independent random variables.
Identify which of the following statements is false.
A) E[X-Y] =E [X] - E [Y]
B) E[2X] = 2E [X
C) E [XY] E [X] E [Y]
D) E[X2] = E[X]E[X]
5. 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) Symmetric, ii) 4
B) i) Negatively skewed, ii) 3
C) i) Positively skewed, ii)
D) i) Positively skewed, ii) 3
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: C | Question # 3 Answer: B | Question # 4 Answer: D | Question # 5 Answer: D |
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