Online Exam: High School

Actuaries in the U.S., Canada and other parts of the world earn professional credentials by passing a series of examinations. This Online Exam is designed to give you an idea of the types of questions you might encounter on the preliminary actuarial examinations administered by the Casualty Actuarial Society and Society of Actuaries. Please be sure to review the Actuarial Exams section of the Web Site, where you can access complete sample actuarial exams.

Answer the five multiple choice questions below, then click submit to see your results. If you are a college student or a working professional considering a career change, please take our College version of the Online Exam.

You are given that for a particular type of insurance policy the percentage of losses less than x is given by

1 - [ / (x + )] .

Using past data you have estimated that = 10,000 and =2.

You are neither interested in the lowest 10 percent or the highest 10 percent of looses. The remaining 80 percent are in which of the following ranges?

	A. ( 541 – 12,360)
	B. (1,180 – 21,623)
	C. ( 541 - 21,623)
	D. (1,180 – 12,360)
	E. None of the above

A woman's height (h), in inches, is related to the length of the femur bone (f), also in inches, by the mathematical model f = 0.432h - 10.44. If a woman has a 12 inch femur, predict her height.

	A. 48.05 inches
	B. 49.85 inches
	C. 50.25 inches
	D. 51.05 inches
	E. 51.95 inches

Farmer A can plow a certain field in 6 hours by herself. Working together with Farmer B, it takes them 4.5 hours.

How long would it take Farmer B to plow the field on his own?

	A. 7 hours
	B. 8 hours
	C. 12 hours
	D. 18 hours
	E. None of the above

The barometric height formula states that the difference in the logarithms of the barometric pressure at two heights above the ground is directly proportional to the difference in the heights. Assume that a station on the ground reports a pressure of 22.18 inches Hg while a station 100 ft high reports a pressure of 22.11 inches Hg. At the same time, an airplane measures the surrounding air pressure at 17.50 inches Hg.

How high is the airplane?

	A. Less than 5,000 ft.
	B. Between 5,000ft and 8,000 ft.
	C. Between 8,000 ft and 10,000 ft.
	D. Between 10,000 ft and 20,000 ft.
	E. Over 20,000 ft.

With a 7% raise, an actuary will make $50,000 per year. What is the actuary's salary prior to this raise?

	A. $46,729
	B. $46,984
	C. $47,213
	D. $47,626
	E. $48,024