IFoA IFoA_CAA_M0 Exam Actual Questions

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SKU: IFoA_CAA_M0
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The questions for IFoA_CAA_M0 were last updated on Oct 4, 2024.

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Question No. 1

Calculate the total area enclosed by the x-axis and the function below, between x =1.5 and x = 2.

f(x) = 2x3

A2.734

B5.469

C8.000

D10.938

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Correct Answer: B

Question No. 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.

Ax - 50

Cmax(x, 50)

Dmax(x - 50, 0)

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Correct Answer: D

Question No. 3

State whatthe limit of a function with input variable xrepresents.

AThe limit represents the smallest value that the function can take over its considered range.

BThe limit represents the behaviour of a function as x approaches a certain value.

CThe limit represents the value of x for which the function is incalculable.

DThe limit represents the value of the function when x=0.

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Correct Answer: B

Question No. 4

A cat rescue centre keeps a record of how many kittens are born in each litter over a year. The bar chart summarises the figures.

Consider the mean, mode and median of the number of kittens per litter.

Determine which one of the statements is true.

A{exhibit 3729}

BThe mean is greater than the mode.

CThe mode and median are the same.

DThe median is less than the mean.The median equals 4.5.

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Correct Answer: C

Question No. 5

Calculate the value of

A259

B504

C525

D725

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Correct Answer: C

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