Pass the IFoA Certified Actuarial Analyst IFoA_CAA_M0 Questions and answers with CertsForce

Viewing page 2 out of 2 pages
Viewing questions 11-20 out of questions
Questions # 11:

A discrete random variable can only take the values 2,3,4 or 5. The probabilities associated with some of the outcomes are: P(X=2) = 0.2, P(X=3) = 0.3, P(X=5) = 0.1.

 

For a randomly drawn value of X, calculate P(X>3).

Options:

A.

0.1


B.

0.4


C.

0.5


D.

0.8


Expert Solution
Questions # 12:

 Question # 12

Assuming the position of the first quartile of an appropriately ordered dataset is given by 

Question # 12

and the position of the third quartile of an appropriately ordered dataset is given by

Question # 12

 

Calculate the range and interquartile range of the above dataset.

Question # 12

Options:

A.

Option A


B.

Option B


C.

Option C


D.

Option D


Expert Solution
Questions # 13:

A geometric series is given by

 

Question # 13

 

 Identify the values of x for which the series converges.

Options:

A.

 -1 ≤ x ≤ 1


B.

 -1 < x < 1


C.

 -5 < x < 5


D.

 -5 ≤ x ≤ 5


Expert Solution
Questions # 14:

The probability density function f(x) for a random variable X is defined over the interval 0 to 1.

f(x) = 2(1-x).

 

Calculate the probability that X is greater than 0.5.

Options:

A.

0.25


B.

0.5


C.

0.75


D.

1


Expert Solution
Questions # 15:

When differentiating the product of two factors, u and v, the Product Rule can be used.

 

State the Product Rule.

A)

Question # 15

B)

Question # 15

C)

Question # 15

D)

Question # 15

Options:

A.

Option A


B.

Option B


C.

Option C


D.

Option D


Expert Solution
Questions # 16:

Calculate the indefinite integral:

 Question # 16

A)

Question # 16

B)

Question # 16

C)

Question # 16

 

D)

Question # 16

Options:

A.

Option A


B.

Option B


C.

Option C


D.

Option D 


Expert Solution
Questions # 17:

A weekly pet insurance premium is given by a solution of the following equation:

 

 4x2 - 11x - 3 = 0

 

Calculate the premium.

Options:

A.

-£1.00


B.

-£0.25


C.

£0.75


D.

£3.00


Expert Solution
Questions # 18:

Identify the meaning of: | x | > 5

Options:

A.

x is greater than 5.


B.

x is greater than or equal to 5.


C.

x is greater than 5 or x is less than -5.


D.

x is greater than or equal to 5, or x is less than or equal to -5.


Expert Solution
Questions # 19:

Consider the function f(x) = x2-6x+20. This function has a stationary point at x = 3.

 

Determine the nature of this stationary point and how do we know this to be true.

Options:

A.

It is a minimum stationary point because the second derivative of the function with respect to x takes the value 2, which is positive.


B.

It is a maximum 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 value of the function at x = 3 is 11, which is positive.


D.

It is a minimum stationary point because the value of the function at x = 3 is 11, which is positive.


Expert Solution
Viewing page 2 out of 2 pages
Viewing questions 11-20 out of questions