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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:
Jan 24, 2025
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

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.

Options:

A.

There are 13 pensioners in the village.

B.

The most common age is 63.

C.

The oldest pensioner is 89.

D.

There is a pensioner aged 70.

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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

For random variable X, use the following statistics to calculate its coefficient of skewness based on central moments.

E(X) = 3.940

E(X2) = 21.466

skew(X) = E[(X - μ)3] = 6.008

Options:

A.

-0.415

B.

0.060

C.

0.415

D.

0.768

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