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

1. 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) 3
B) i) Symmetric, ii) 4
C) i) Negatively skewed, ii) 3
D) i) Positively skewed, ii)

2. Suppose A and B are two events and that A denotes the complement of A.
Identify the false statement.
A)

B)

C)

D)

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

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

A) 8 + 4x + 2X2+ x3
B) 1+ 3x + 3X2+ x3
C) 8 + 12x + 2X2+ x3
D) 6+ 3x + 3X2+ x3

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

A) The variance is the square of the standard deviation.
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 skewness is a measure of the asymmetry of a probability distribution about the mean.

5. Determine

A)

B)

C)

D)

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

Solutions: