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IFoA IFoA_CAA_M0 Exam With Confidence Using Practice Dumps

Exam Code:
IFoA_CAA_M0
Exam Name:
Module 0 - Entry Exam
Certification:
Certified Actuarial Analyst
Vendor:
IFoA
Questions:
64
Last Updated:
Dec 25, 2024
Exam Status:
Stable
IFoA IFoA_CAA_M0

IFoA_CAA_M0: Certified Actuarial Analyst Exam 2024 Study Guide Pdf and Test Engine

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Module 0 - Entry Exam Questions and Answers

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Question 1

Three light bulbs are chosen at random from 15 bulbs of which 5 are known to be defective.

 

Calculate the probability that exactly one of the three is defective.

A)

B)

C)

D)

Options:

A.

Option A

B.

Option B

C.

Option C

D.

Option D

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Question 2

Identify which of the following statements are true.

 

I. Skewness measures how peaked a set of data is.

II. Skewness is a measure of asymmetry of the distribution of the data about its mean.

III. For a symmetrically distributed data, the mean equals the median but not necessarily the mode.

IV. The value of a measure of skewness can be positive, zero or negative.

Options:

A.

I and II

B.

II and IV

C.

I and III

D.

II, III and IV

Question 3

Consider a function f which has three variables, x1, x2 and x3.

 

Identify which of the following gives a correct definition of a partial derivative of the function f.

Options:

A.

The derivative of f with respect to either one of its variables or two of its variables, the other two variables or the third variable being treated as constant, respectively.

B.

The derivative of f with respect to one of its variables only, the other two variables being treated as constant.

C.

The derivative of f with respect to two of its variables, the third variable being treated as constant.

D.

The derivative of f with respect to all three of its variables.

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