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

1. Let X and Y be two independent random variables.
Identify which of the following statements is false.

A) E[X2] = E[X]E[X]
B) E [XY] E [X] E [Y]
C) E[2X] = 2E [X
D) E[X-Y] =E [X] - E [Y]

2. 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) 4.40
B) 5.53
C) 0.54
D) 1.54

3. Multiplythe following two matrices together.

A)

B)

C)

D)

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

4. Identify which of the following statements is correct.

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

5. 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

Solutions: