IFoA Module 0 - Entry - IFoA_CAA_M0 Exam Practice Test
Question 1
Three light bulbs are chosen at random from 15 bulbs of which 5 are known to be defective.
Calculate the probability that exactly one of the three is defective. A)
B)
C)
D)
Calculate the probability that exactly one of the three is defective. A)
B)
C)
D)
Correct Answer: D
Question 2
The stem and leaf chart below shows the ages of all the pensioners in a small village.
Identify which of the following is not true.
Identify which of the following is not true.
Correct Answer: B
Question 3
Determine which of the following is the Maclaurin expansion (up to the second order term) of: e2x
A)
B)
C)
D)
A)
B)
C)
D)
Correct Answer: A
Question 4
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
Question 5
Determine the coefficient of x3 in the binomial expansion of (2 + x)5.
Correct Answer: A
Question 6
The table below shows the distribution of the number of people in each household in a village.
Determine which of the following inequalities is true for the number of people living in a house.
Determine which of the following inequalities is true for the number of people living in a house.
Correct Answer: C
Question 7
An insurance company sells policies where, for each policy, the policyholder pays the first GBP50 of the cost of any claim. A claim reported to the insurance company takes some unknown value GBPx.
Identify which of the mathematical expressions below represents the cost in GBP to the insurance company of the claim.
Identify which of the mathematical expressions below represents the cost in GBP to the insurance company of the claim.
Correct Answer: B
