Get a glimpse of the real IFoA_CAA_M0 certification exam challenges with our free IFoA_CAA_M0 practice test questions.
Question 1
Calculate the value of
Question 2
An insurance company sells policies where, for each policy, the policyholder pays the first 50 of the cost of any claim. A claim reported to the insurance company takes some unknown value x.
Identify which of the mathematical expressions below represents the cost in to the insurance company of the claim.
Question 3
The random variableX has the followingprobability density function ("PDF"):
Calculate: P(x 1.5)
Question 4
Determine and describe the extreme values of f(x,y) = -x2 - xy - 3y2
Question 5
For the following data set, calculate the mean and median.
10,8, 5, 7, 14, 5, 3, 9, 5, 8
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