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CAA Global Module-0 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Financial Mathematics Basics | 20% | - Interest rates and discounting - Time value of money - Basic investment and cash flow concepts - Annuities and perpetuities |
| Probability and Statistics | 40% | - Data presentation and analysis - Discrete and continuous probability distributions - Statistical inference and hypothesis testing - Measures of location, dispersion and correlation - Basic probability theory |
| Fundamental Mathematics | 30% | - Differential and integral calculus - Algebra, equations and inequalities - Sequences and series - Numerical methods - Mathematical constants and standard functions |
| Introduction to Actuarial Concepts | 10% | - Overview of actuarial work and risk management - Basic actuarial applications |
CAA Global Entry exam of the Certified Actuarial Analyst qualification Sample Questions:
1. Identify which of the following statements is not true about the probability density function of a continuous random variable.
A) It could be greater than 1.
B) Differentiating it gives the cumulative distribution function.
C) Integrating it across its domain must produce an answer of 1.
D) It must be non-negative.
2. 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 [XY] E [X] E [Y]
C) E[2X] = 2E [X
D) E[X2] = E[X]E[X]
3. Identify which of the following is not true about the population variance of a set of data.
A) It can be calculated as
B) It can be calculated as
C) It is represented by the symbol
D) Its positive square root gives the standard deviation
4. A national newspaper wants to publish the results of a survey showing people's preferences for different types of sandwiches. Identify which of the following ways of publishing the survey results is likely to be the least useful to its readers.
A) Table of data
B) Pie chart
C) Box plot
D) Bar chart
5. Calculate the determinant of the product of the matrices given below:
A) -60
B) -78
C) -0 00227
D) -440
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: D | Question # 3 Answer: B | Question # 4 Answer: D | Question # 5 Answer: D |
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