IFoA Certified Actuarial Analyst IFoA_CAA_M0 CAA Exam Questions

The first term of an arithmetic sequence is 12 and the ninth term is 68.

Calculate the sum of the first 18 terms.

A discrete random variable can only take the values 2,3,4 or 5. The probabilities associated with some of the outcomes are: P(X=2) = 0.2, P(X=3) = 0.3, P(X=5) = 0.1.

For a randomly drawn value of X, calculate P(X>3).

The table below shows the distribution of the number of people in each household in a village.

Determine which of the following inequalities is true for the number of people living in a house.

An insurance company sells policies where, for each policy, the policyholder pays the first 50 of the cost of any claim. A claim reported to the insurance company takes some unknown value x.

Identify which of the mathematical expressions below represents the cost in to the insurance company of the claim.

In a small island nation, local sea vessels are identified using "a letter and 4 digits" classification system. The "letter" can be any of the 26 letters in the English alphabet, A to Z, while the "digit" can be any number from 0 to 9. E.g: Z9835.

Calculate the probability of a sea vessel having an identification ending in "007".

When differentiating the product of two factors, uand v,the Product Rule can be used.

State the Product Rule.

One of the two solutions to the equation is .

Determine the second solution.