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CAA Global Module-0 Exam Syllabus Topics:

Section	Weight	Objectives
Introduction to Actuarial Concepts	10%	- Overview of actuarial work and risk management - Basic actuarial applications
Fundamental Mathematics	30%	- Algebra, equations and inequalities - Numerical methods - Differential and integral calculus - Mathematical constants and standard functions - Sequences and series
Financial Mathematics Basics	20%	- Basic investment and cash flow concepts - Annuities and perpetuities - Interest rates and discounting - Time value of money
Probability and Statistics	40%	- Discrete and continuous probability distributions - Basic probability theory - Data presentation and analysis - Measures of location, dispersion and correlation - Statistical inference and hypothesis testing

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

Question 1

Identify which of the following statements is not true.

A. The standard deviation is a measure of how much variation from the mean exists in a probability distribution.
B. The variance is the square of the standard deviation.
C. The skewness is a measure of the asymmetry of a probability distribution about the mean.
D. The coefficient of skewness for a symmetric distribution is 1.

Question 2

Identify which of the following statements is correct.
For a continuous random variable X, the distribution function evaluated at X= x measures:

A. P(X = x)
B. P(xx)
C. P(X<x)
D. P(X>x)

Question 3

Determine the stationary point(s) for the following function

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

Question 4

Identify which of the following statements about statistical measures for a set of data is false.

A. The sample variance is always smaller than or equal to the largest value.
B. The range can be greater than the largest value.
C. The range is always greater than or equal to zero.
D. The sample variance is always greater than or equal to zero.

Question 5

Identify which of the following statements is true,where X is a discrete random variable that exists over the domain [a. b], and F(x) is its distribution function.
A)

B)

C)

D)