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

1. A weekly pet insurance premium is given by a solution of the following equation:
4x2-11x-3 = 0
Calculate the premium.

A) -£3
B) -£0.75
C) -£0.25
D) -£1

2. Calculate the determinant of the product of the matrices given below:

A) -0 00227
B) -440
C) -78
D) -60

3. The particular solution of the second-order difference equation

Determine the values of(A, B).

A) (5,-2)
B) (-2,5)
C) (-3, 2)
D) (-2, 3)

4. Identify which of the following statements is correct.

A) n in (x)
B) x in(n)
C) In(x)+ in(n)
D) In (nx)

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

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

Solutions: