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Last Updated: Sep 05, 2026
No. of Questions: 57 Questions & Answers with Testing Engine
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| Section | Weight | Objectives |
|---|---|---|
| Financial Mathematics Basics | 20% | - Interest rates and discounting - Basic investment and cash flow concepts - Annuities and perpetuities - Time value of money |
| Introduction to Actuarial Concepts | 10% | - Overview of actuarial work and risk management - Basic actuarial applications |
| Fundamental Mathematics | 30% | - Mathematical constants and standard functions - Numerical methods - Differential and integral calculus - Sequences and series - Algebra, equations and inequalities |
| Probability and Statistics | 40% | - Basic probability theory - Measures of location, dispersion and correlation - Data presentation and analysis - Statistical inference and hypothesis testing - Discrete and continuous probability distributions |
Question 1
A basketball squad contains 7 players. The team that lines up on the court tor the start of a match contains 5 ofthe players Calculate how many different teams can be fielded from the squad of 7 players
A. 35
B. 2,520
C. 7
D. 21
Question 2
A national newspaper wants to publish the results of a survey showing people's preferences for different types of sandwiches. Identify which of the following ways of publishing the survey results is likely to be the least useful to its readers.
A. Table of data
B. Box plot
C. Bar chart
D. Pie chart
Question 3
Calculate the single extreme point of the function:
A. (1.1)
B. (0,2)
C. (0.1)
D. (0,4)
Question 4
Calculate the scalar product of the vectors A and B. where A = (5,10, 2) and B - (2. 3, 3).
A. 118
B. (10,30,6)
C. 136
D. 46
Question 5
Identify which of the following statements is correct.
For a continuous random variable X, the distribution function evaluated at X= x measures:
A. P(xx)
B. P(X>x)
C. P(X = x)
D. P(X<x)
Solutions:
| Question 1 Answer: D | Question 2 Answer: C | Question 3 Answer: B | Question 4 Answer: B | Question 5 Answer: D |
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