CAA Global Module-0 Actual Tests : Entry exam of the Certified Actuarial Analyst qualification

Identify which of the following statements about the mean of a data set is correct.

• A. It is a measure of the central tendency of the data.
• B. It is a measure of the spread of the data.
• C. It is a measure of the variability of the data.
• D. It is a measure of the range of the data.

In an Olympic Race there are 100 competitors.
Calculate the number of ways of distributing the Gold. Silver and Bronze medals amongst all of the competitors.
A)

B)

C)

D)

• A. Option C
• B. Option B
• C. Option A
• D. Option D

Determine

A)

B)

C)

D)

• A. Option C
• B. Option B
• C. Option A
• D. Option D

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

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

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