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CAA Global Module-0 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Fundamental Mathematics | 30% | - Mathematical constants and standard functions - Sequences and series - Numerical methods - Algebra, equations and inequalities - Differential and integral calculus |
| Probability and Statistics | 40% | - Basic probability theory - Statistical inference and hypothesis testing - Data presentation and analysis - Measures of location, dispersion and correlation - Discrete and continuous probability distributions |
| Introduction to Actuarial Concepts | 10% | - Basic actuarial applications - Overview of actuarial work and risk management |
| Financial Mathematics Basics | 20% | - Time value of money - Interest rates and discounting - Basic investment and cash flow concepts - Annuities and perpetuities |
CAA Global Entry exam of the Certified Actuarial Analyst qualification Sample Questions:
Identify which of the following is not true about the population variance of a set of data.
- A. Its positive square root gives the standard deviation
- B. It can be calculated as
- C. It is represented by the symbol
- D. It can be calculated as
Correct Answer: B 🗳️
Identify which of the following statements is not true.
- A. The variance is the square of the standard deviation.
- B. The skewness is a measure of the asymmetry of a probability distribution about the mean.
- C. The coefficient of skewness for a symmetric distribution is 1.
- D. The standard deviation is a measure of how much variation from the mean exists in a probability distribution.
Correct Answer: D 🗳️
Identify which of the following statements is correct.
- A. is greater than x
- B. can be greater than or less than x.
- C. is less than x
- D. is equal to x.
Correct Answer: D 🗳️
Express the following using Pi notation:
A)
B)
C)
D)
- A. Option B
- B. Option D
- C. Option C
- D. Option A
Correct Answer: D 🗳️
Let X be a continuous random variable with probability density function f(x) that is defined over all real numbers.
DefineE[g(X)]whereg(x)is a continuous function.
A)
B)
C)
D)
- A. Option
- B. Option
- C. Option
- D. Option
Correct Answer: B 🗳️
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