Question 1
Identify which of the following involves weak inequality.
Correct Answer:
B. Option B
Free IFoA Certified Actuarial Analyst IFoA_CAA_M0 Exam Questions
Question 2
Identify which of the following statements aretrue.
1. Skewness measures how peaked a set of data is.
2. Skewness is a measure of asymmetry of the distribution of the data about its mean.
3. For a symmetrically distributed data, the mean equals the median but not necessarily the mode.
4. The value of a measure of skewness can be positive, zero or negative.
Correct Answer:
B. II and IV
Question 3
Determinewhich of the statements is true about the root(s) of the following equation:
Correct Answer:
C. There are two real roots, r1and r2, where r1is positive and:r1 = - 0.5 r2
Question 4
Define the standard deviation of a finite data set.
Correct Answer:
D. The standard deviation is the square root of the average of the squared difference between each data point and its expected value.
Question 5
Consider the function:
Correct Answer:
A. Option A
Question 6
A boy is asked to estimate the height of his sister. He estimates that she is 1.60 metres tall. He then measures his sister and finds that her true height is 1.40 metres.
Identifythe absolute error of his estimate of her height.
Correct Answer:
B. 0.2 metres
Question 7
Calculate the determinant of the product of thematrices given below:
Correct Answer:
D. -440
Question 8
For -3.14 x +3.14, the graph of the function, sin x, is show below.
Identify the range of this defined function.
Correct Answer:
A. [-1,1]
Question 9
Describethe skewness of the following data:
Correct Answer:
A. Positively skewed
Question 10
A function f(x) is known for two values:
f(2) = 8 and f(5) = 14.
Using linear interpolationestimatef(3).
Correct Answer:
B. Option B