IFoA IFoA_CAA_M0 CAA Exam Practice Test Instant Access

Question 1

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 2

Calculate the sum of the followingnon-terminating progression:

2/10, 2/40, 2/160, 2/640,...

A0.174

B0.266

C0.267

D0.406

Answer : C

Question 3

Define the partial derivative of f(x, y) with respect to x.

AOption A

BOption B

COption C

DOption D

Answer : B

Question 4

Calculate the indefinite integral:

AOption A

BOption B

COption C

DOption D

Answer : B

Question 5

The stem and leaf chart below shows the ages of all the pensioners in a small village.

Identify which of the following is not true.

AThere are 13 pensioners in the village.

BThe most common age is 63.

CThe oldest pensioner is 89.

DThere is a pensioner aged 70.

Answer : C

Question 6

Assuming the position of the first quartile of an appropriately ordered dataset is given by

and the position of the third quartile of an appropriately ordered dataset is given by

Calculatethe range and interquartile range of the above dataset.

AOption A

BOption B

COption C

DOption D

Answer : B

Question 7

Calculate the second order derivative of y with respect to x, where:

y = 3x2 + ex

A6 + ex

B6x + ex

C6x + ex-1

D6 + (x - 1)ex-2

Answer : A

IFoA_CAA_M0 Certified Actuarial Analyst CAA Exam Practice Test