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IFoA IFoA_CAA_M0 Module 0 - Entry Exam Exam Practice Test

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Total 64 questions

Module 0 - Entry Exam Questions and Answers

Question 1

A boy is asked to estimate the height of his sister. He estimates that she is 1.60 metres tall. He then measures his sister and finds that her true height is 1.40 metres.

 

Identify the absolute error of his estimate of her height.

Options:

A.

-0.2 metres

B.

0.2 metres

C.

12.5%

D.

0.125

Question 2

Calculate

 Question # 2

Options:

A.

-245

B.

-95

C.

-55

D.

55

Question 3

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)

Question # 3

B)

Question # 3

C)

Question # 3

D)

Question # 3

Options:

A.

Option A

B.

Option B

C.

Option C

D.

Option D

Question 4

One of the two solutions to the equation is   .

 Question # 4

Determine the second solution.

Question # 4

A)

Question # 4

B)

Question # 4

C)

Question # 4

D)

Question # 4

Options:

A.

Option A

B.

Option B

C.

Option C

D.

Option D

Question 5

The variable s can take values between 2 and 6.

 

Identify which of the inequalities shown can be satisfied by at least one value of s.

Options:

A.

s + 5 < 6

B.

s + 9 < 6

C.

s - 6 > 2

D.

s - 2 > 2

Question 6

Describe the skewness of the following data:

 Question # 6

 

Options:

A.

Positively skewed

B.

Symmetric

C.

Negatively skewed

D.

Inversely skewed

Question 7

Consider the vector U = (3, -1, 5).

 

Calculate the magnitude of vector U to two decimal places.

Options:

A.

2.65

B.

5.92

C.

7.00

D.

9.00

Question 8

The graph shows the frequency distribution of the age of people with a certain kind of insurance contract.

 Question # 8

Describe the shape of the underlying data.

Options:

A.

Negatively skewed

B.

Positively skewed

C.

Symmetric

D.

Symmetric about the mean

Question 9

The random variable X has the following probability density function ("PDF"):

 

 Question # 9

 

 Calculate: P(x ≥ 1.5)

Options:

A.

0.164

B.

0.250

C.

0.320

D.

0.484

Page: 1 / 6
Total 64 questions