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| Vendor: | IFoA |
|---|---|
| Exam Code: | IFoA_CAA_M0 |
| Exam Name: | Certified Actuarial Analyst |
| Exam Questions: | 64 |
| Last Updated: | November 20, 2025 |
| Related Certifications: | Certified Actuarial Analyst |
| Exam Tags: | Actuarial Analysis Actuarial AnalystCertified Quality AnalystNetwork Lifecycle Administrator |
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In a small island nation, local sea vessels are identified using "a letter and 4 digits" classification system. The "letter" can be any of the 26 letters in the English alphabet, A to Z, while the "digit" can be any number from 0 to 9. E.g: Z9835.
Calculate the probability of a sea vessel having an identification ending in "007".
The particular solution of the second-order difference equation
yn+2 - 6yn+1 + 8yn = 0 n 2
subject to the initial conditions y0 = 3 and y1 = 2may be written in the form
yn = A(2n) + B(4n) n 0.
Determine the values of (A, B).
For -3.14 x +3.14, the graph of the function, sin x, is show below.

Identify the range of this defined function.
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).
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