IFoA IFoA_CAA_M0 Actual Free Exam Questions & Community Discussion
X is a random variable with expected value E(X).
Identify which of the following is not a valid method for calculating the variance of X.
Identify which of the following is not a valid method for calculating the variance of X.
Correct Answer: A
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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)

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)

Correct Answer: A
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Calculate the second order derivative of y with respect to x, where:
y = 3x2 + ex
y = 3x2 + ex
Correct Answer: A
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Determine which of the options is equal to log(3) - 2log(x+1). A)

B)

C)

D)


B)

C)

D)

Correct Answer: B
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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.
Determine the nature of this stationary point and how do we know this to be true.
Correct Answer: D
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The first term of an arithmetic sequence is 12 and the ninth term is 68.
Calculate the sum of the first 18 terms.
Calculate the sum of the first 18 terms.
Correct Answer: A
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