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CAA Global Module-0 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Fundamental Mathematics | 30% | - Algebra, equations and inequalities - Numerical methods - Sequences and series - Differential and integral calculus - Mathematical constants and standard functions |
| Topic 2: Financial Mathematics Basics | 20% | - Basic investment and cash flow concepts - Interest rates and discounting - Annuities and perpetuities - Time value of money |
| Topic 3: Introduction to Actuarial Concepts | 10% | - Basic actuarial applications - Overview of actuarial work and risk management |
| Topic 4: Probability and Statistics | 40% | - Basic probability theory - Discrete and continuous probability distributions - Statistical inference and hypothesis testing - Measures of location, dispersion and correlation - Data presentation and analysis |
CAA Global Entry exam of the Certified Actuarial Analyst qualification Sample Questions:
Identify which of the following statements is correct.
For a continuous random variable X, the distribution function evaluated at X= x measures:
- A. P(X = x)
- B. P(X<x)
- C. P(X>x)
- D. P(xx)
Correct Answer: B 🗳️
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. Bar chart
- B. Table of data
- C. Box plot
- D. Pie chart
Correct Answer: A 🗳️
Identify which of the following quantities can always be derived from a box plot of a data set.
I.Mean
II.Median
III. Mode
IV. Range
V.Sample size
- A. I and II only
- B. II and IV only
- C. IV and V only
- D. I and III only
Correct Answer: B 🗳️
Simplify the expression:
A)
B)
C)
D)
- A. Option C
- B. Option A
- C. Option B
- D. Option D
Correct Answer: C 🗳️
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
Correct Answer: C 🗳️
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