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IFoA IFoA_CAA_M0 Exam Dumps Questions and Answers

Exam Code: IFoA_CAA_M0
Vendor: IFoA
Last Update: Nov 21, 2024
Questions: 64
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All Certified Actuarial Analyst Related Certification Exams

Other IFoA Certification Exams

Module 0 - Entry Exam Questions and Answers

Questions 1

Describe the skewness of the following data:

 

 

Options:

A.

Positively skewed

B.

Symmetric

C.

Negatively skewed

D.

Inversely skewed

Questions 2

The particular solution of the second-order difference equation

yn+2 - 6yn+1 + 8yn = 0                                       n ≥ 2

 

subject to the initial conditions y0 = 3 and y1 = 2 may be written in the form

yn = A(2n) + B(4n)                                             n ≥ 0.

 

Determine the values of (A, B).

Options:

A.

(-2, 5)

B.

(-2, 3)

C.

(-3, 2)

D.

(5, -2)

Questions 3

Identify which of the following best describes the nature of a stationary point.

Options:

A.

It is where the tangent of the graph of the function is horizontal.

B.

It is the point where the maximum value of the function is found.

C.

It is the point where the minimum value of the function is found.

D.

It is the point where values of the function start to become more stable.