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Exam Code: Module-0
Exam Name: Entry exam of the Certified Actuarial Analyst qualification
Updated: Oct 01, 2026
Q & A: 57 Questions and Answers
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| Section | Objectives |
|---|---|
| Topic 1: Basic Mathematics | - Arithmetic
|
| Topic 2: Probability | - Probability Fundamentals
|
| Topic 3: Statistics | - Statistical Concepts
|
Identify which of the following statements is correct.
Correct Answer: A 🗳️
Identify which of the following statements is correct.
A continuous random variable is one that:
Correct Answer: C 🗳️
A snack bar does not give an itemised bill tor drinks In the past three visits, the total bills have been:
1) Three teas, two coffees and one lemonade cost £9.80
2) One tea four coffees and two lemonades cost £13.60
3) Two teas, two coffees andtwo lemonades cost£10
Calculate the price for a single coffee, given the prices have been the same for the three visits.
Correct Answer: D 🗳️
Let X and Y be two independent random variables.
Identify which of the following statements is false.
Correct Answer: B 🗳️
Determine which of the following statements is not true about the binomial expansion of (1+x)p, assuming p is real.



Correct Answer: B 🗳️
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