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

1. Identify which of the following statements is correct.

A) is equal to x.
B) is less than x
C) is greater than x
D) can be greater than or less than x.

2. Identify which of the following statements is not always true about a probability experiment.

A) The probability of an event must lie in [0,1].
B) The probability of an event occurring equals the number of outcomes in the event space divided by the total number of possible outcomes in the sample space.
C) The sum of the probabilities of all possible outcomes must be 1.
D) The sum of the probabilities of all possible events could be more than 1

3. Consider the following definite integral:

Determine for which combination of a and b the integral converges.
A)

B)

C)

D)

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

4. 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

5. 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 A
B) Option B
C) Option D
D) Option C

Solutions: