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CAA Global Entry exam of the Certified Actuarial Analyst qualification Sample Questions:

1.
Calculate the minimum value of f.

A) 0.00
B) -0.50
C) -0.25
D) -0.75

2. Express the following using Pi notation:

A)

B)

C)

D)

A) Option A
B) Option D
C) Option B
D) Option C

3. Consider the function f(x)x2 6x=20. This functions has a stationary point at x=3.
Determine the nature of this stationary point and how we know this to be true.

A) It is a maximum stationary point because the value of the function at x = 3 is 11, which is positive.
B) It is a minimum stationary point because the second derivative of the function with respect to x takes the value 2 which is positive.
C) It is a maximum stationary point because the second derivative of the function with respect to x takes the value 2, which is positive.
D) It is a minimum stationary point because the value of the function at x = 3 is 11, which is positive.

4. 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) Box plot
C) Table of data
D) Pie chart

5. Determine the stationary point(s) for the following function

A) Minimum at x = -1 and maximum at x = -3.
B) Minimum at x = 1 and minimum at x = 3.
C) Maximum at x = 1 and maximum at x = 3.
D) Minimum at x = -3 and maximum at x = -1.

Solutions: