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Total 19 questions
Exam Code: IFoA_CAA_M0                Update: Sep 14, 2025
Exam Name: Module 0 - Entry Exam

IFoA Module 0 - Entry Exam IFoA_CAA_M0 Exam Dumps: Updated Questions & Answers (September 2025)

Question # 1

Calculate the determinant of the product of the matrices given below:

 

A.

-0.00227

B.

-60

C.

-78

D.

-440

Question # 2

A discrete random variable can only take the values 2,3,4 or 5. The probabilities associated with some of the outcomes are: P(X=2) = 0.2, P(X=3) = 0.3, P(X=5) = 0.1.

 

For a randomly drawn value of X, calculate P(X>3).

A.

0.1

B.

0.4

C.

0.5

D.

0.8

Question # 3

A weekly pet insurance premium is given by a solution of the following equation:

 

 4x2 - 11x - 3 = 0

 

Calculate the premium.

A.

-£1.00

B.

-£0.25

C.

£0.75

D.

£3.00

Question # 4

Determine which of the statements is true about the root(s) of the following equation:

 

A.

There is only one real root which takes a positive value.

B.

There is only one real root which takes a negative value.

C.

There are two real roots, r1 and r2, where r1 is positive and:

r1 = - 0.5 r2

D.

There are two real roots, r1 and r2, where r1 is positive and:

r1 = - 2 r2

Question # 5

Define the standard deviation of a finite data set.

A.

The standard deviation is the sum of the difference between each data point and its expected value.

B.

The standard deviation is the product of the difference between each data point and its expected value.

C.

The standard deviation is the square root of the product of the squared difference between each data point and its expected value.

D.

The standard deviation is the square root of the average of the squared difference between each data point and its expected value.

Question # 6

A geometric series is given by

 

 

 Identify the values of x for which the series converges.

A.

 -1 ≤ x ≤ 1

B.

 -1 < x < 1

C.

 -5 < x < 5

D.

 -5 ≤ x ≤ 5

Question # 7

For the following data set, calculate the mean and median.

10, 8, 5, 7, 14, 5, 3, 9, 5, 8

A.

The mean is 7.4 and the median is 7.5.

B.

The mean is 7.4 and the median is 8.0.

C.

The mean is 8.2 and the median is 7.5.

D.

The mean is 8.2 and the median is 8.0.

Question # 8

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

 

Describe the shape of the underlying data.

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"):

 

 

 

 Calculate: P(x ≥ 1.5)

A.

0.164

B.

0.250

C.

0.320

D.

0.484

Question # 10

Consider a function f which has three variables, x1, x2 and x3.

 

Identify which of the following gives a correct definition of a partial derivative of the function f.

A.

The derivative of f with respect to either one of its variables or two of its variables, the other two variables or the third variable being treated as constant, respectively.

B.

The derivative of f with respect to one of its variables only, the other two variables being treated as constant.

C.

The derivative of f with respect to two of its variables, the third variable being treated as constant.

D.

The derivative of f with respect to all three of its variables.

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Total 19 questions

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