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  • Exam Name: Module 0 - Entry Exam
  • Last Update: 12-Sep-2025
  • Questions and Answers: 64
  • Single Choice: 64 Q&A's

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IFoA_CAA_M0 Questions and Answers

Question # 1

The table below shows the distribution of the number of people in each household in a village.

 

IFoA_CAA_M0 question answer

 

Determine which of the following inequalities is true for the number of people living in a house.

A.

Mode < Median < Mean

B.

Mode < Mean < Median

C.

Median < Mean < Mode

D.

Median < Mode < Mean

Question # 2

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

 IFoA_CAA_M0 question answer

Describe the shape of the underlying data.

A.

Negatively skewed

B.

Positively skewed

C.

Symmetric

D.

Symmetric about the mean

Question # 3

An individual purchases a share in a company at a price of £45. Six months later he sells the share for £39.

 

Calculate the percentage change in the value of the share over the six month period, correct to one decimal place.

A.

-15.4%

B.

-13.3% 

C.

13.3%

D.

86.7%

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