IFoA IFoA_CAA_M0 CAA Exam Practice Test Instant Access

Question 1

Calculate the mean, median and mode of the above dataset.

AOption A

BOption B

COption C

DOption D

Answer : D

Question 2

Define the standard deviation of a finite data set.

AThe standard deviation is the sum of the difference between each data point and its expected value.

BThe standard deviation is the product of the difference between each data point and its expected value.

CThe standard deviation is the square root of the product of the squared difference between each data point and its expected value.

DThe standard deviation is the square root of the average of the squared difference between each data point and its expected value.

Answer : D

Question 3

An individual purchases a share in a company at a price of 45. Six months later he sells the share for 39.

Calculate the percentage change in the value of the share over the six month period, correct to one decimal place.

A-15.4%

B-13.3%

C13.3%

D86.7%

Answer : B

Question 4

Using simple iteration, based on trial and improvement, the cubic equation below can be solved:

2x3+ 5x2+7x - 12 = 0

Solve for x to 6 decimal places.

A0.909000

B0.909165

C0.909502

D1.000000

Answer : B

Question 5

Calculate the partial derivative

AOption A

BOption B

COption C

DOption D

Answer : C

Question 6

Consider the vector U = (3, -1, 5).

Calculatethe magnitude of vector U to two decimal places.

A2.65

B5.92

C7.00

D9.00

Answer : B

Question 7

Determinewhich of the options is equal to log(3) - 2log(x+1).

AOption A

BOption B

COption C

DOption D

Answer : D

IFoA Certified Actuarial Analyst IFoA_CAA_M0 CAA Exam Practice Test