IFoA_CAA_M0 Certified Actuarial Analyst CAA Exam Practice Test

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Total 64 questions
Question 1

For random variable X, use the following statistics to calculate its coefficient of skewness based on central moments.

E(X) = 3.940

E(X2) = 21.466

skew(X) = E[(X - )3] = 6.008



Answer : C


Question 2

Determinewhich of the following is the Maclaurin expansion (up to the second order term) of: e2x



Answer : D


Question 3

In a small island nation, local sea vessels are identified using "a letter and 4 digits" classification system. The "letter" can be any of the 26 letters in the English alphabet, A to Z, while the "digit" can be any number from 0 to 9. E.g: Z9835.

Calculate the probability of a sea vessel having an identification ending in "007".



Answer : A


Question 4

The first term of an arithmetic sequence is 12 and the ninth term is 68.

Calculate the sum of the first 18 terms.



Answer : B


Question 5

A and B are the stationary points of f(x).

f(x) = 2x3- x2- 8x + 8

A = (-1,13)

B = (4/3,8/27)

Determine whether each stationary point is a maximum, minimum or point of inflexion.



Answer : A


Question 6

A recurrence relation is given by: Un = 2Un - 1 + 3

If U0 = 0, calculate U2 =



Answer : B


Question 7

A geometric series is given by

Identify the values of x for which the series converges.



Answer : B


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Total 64 questions