IFoA_CAA_M0 Exam Dumps - IFoA Certified Actuarial Analyst Questions and Answers

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

 4x2 - 11x - 3 = 0

Calculate the premium.

Determine which of the options is equal to log(3) - 2log(x+1).

A)

B)

C)

D)

Determine and describe the extreme values of f(x,y) = -x2 - xy - 3y2

In a small island nation, local sea vessels are identified using "a letter and 4 digits" classification system. The "letter" can be any of the 26 letters in the English alphabet, A to Z,  while the "digit" can be any number from 0 to 9. E.g: Z9835.

Calculate the probability of a sea vessel having an identification ending in "007".

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.

v = f(x, y, z) is a real valued function of 3 variables.

Express the partial derivative of v with respect to z in standard mathematical notation.

A)

B)

C)

D)

For the following data set, calculate the mean and median.

10, 8, 5, 7, 14, 5, 3, 9, 5, 8

1/5 of actuarial students like skiing.

2/5of actuarial students like snowboarding.

1/3  of actuarial students like skiing and snowboarding.

Calculate the proportion of actuarial students that like skiing or snowboarding.

A)

B)

C)

D)

An individual purchases a share in a company at a price of £45. Six months later he sells the share for £39.

Calculate the percentage change in the value of the share over the six month period, correct to one decimal place.