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# PROBLEM SET 0

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PROBLEM SET 0
Review of Algebra and Calculus

1. The manufacturer of a certain product is conducting a market survey. The manufacturer started a major marketing campaign at the end of last year and is trying to determine the effect of that campaign on consumer use of the product. 15,000 individuals are surveyed. The following information is obtained. - 4,500 used the product last year, - 7,500 used the product this year, and - 4,000 used the product both last year and this year. Of those surveyed, determine: (i) the number who used the product either last year or this year, or both years, (ii) the number that did not use the product either last year or this year, (iii) the number who used the product last year but not this year, and (iv) the number who used the product this year but not last year.

ACTEX 2006

## SOA Exam P/CAS Exam 1 - Probability

26

PROBLEM SET 0

3. A group of 1000 patients each diagnosed with a certain disease is being analyzed with regard to the disease symptoms present. The symptoms are labeled E, F and G , and each patient has at least one symptom. The following information has also been determined: - 900 have either symptom E or F (or both), - 900 have either symptom E or G (or both), - 800 have either symptom F or G (or both), - 650 have symptom E, - 500 have symptom F , - 550 have symptom G . Determine each of the following. (i) The number who had both symptoms E and F . (ii) The number who had either symptom E or F (or both) but not G . (iii) The number who had all three symptoms.

4.

R lim & Rx

A) !

B) " #

C) & 68 &

D)

E) None of A,B,C,D

5. Which region of the plane represents the solution set to the inequalities B C #B C # B C B #C # ?

A)

B)

C)

D)

E)

ACTEX 2006

## SOA Exam P/CAS Exam 1 - Probability

PROBLEM SET 0

27

6. For what real values of 5 are the roots of 5B# \$B # ! not real numbers? A) 5 * ) B) 5 * ) C) 5 * ) D) 5 8 9 E) 5 8 9

" B) # B

C) "

" D) B

" E) B

## 8. Let 0 B B% /B . Determine the 8th derivative of 0 at B !. A) ! B) " C) 88 "8 # D) 88 "8 #8 \$ E) 8x

9. A model for world population assumes a population of 6 billion at reference time 0, with population increasing to a limiting population of 30 billion. The model assumes that the rate of
E/ population growth at time > 0 is !#E/ > # , where > is regarded as a continuous variable.
>

According to this model, at what time will the population reach 10 billion (nearest .1)? A) .3 B) .4 C) .5 D) .6 E) .6

10. Calculate the area of the closed region in the BC -plane bounded by C B & and C# #B & . A) ) B) (% \$ C) *) \$
B"\$

D) "## \$

E) "#) \$

" \$

C)

# 3

## 12. Let 0 be a continuous function on # and let M '! 'B 0 B C .C .B .

# B

Which of the following expressions is equal to M with the order of integration reversed? # # # # A) '# 'C# 0 B C .B .C D) ' 'C# 0 B C .B .C B) C)
# '# 'C # 0 B C .B .C C '!# ' C 0 B C .B .C # C E) '0 '# 0 B C .B .C #
#

ACTEX 2006

28
" '!" 'B

PROBLEM SET 0

## 13. Calculate A) " 68 #

" "C#

.C .B . C)
1 %

B) " # 68 #

D) " # 68 #

" E) 1 # # 68 #

Question 14 and 15 relate to the following information. Smith begins a new job at a salary of 100,000 . Smith expects to receive a 5% raise every year until he retires. 14. Suppose that Smith works for 35 years. Determine the total salary earned over Smith's career (nearest million). A) 5 B) 6 C) 7 D) 8 E) 9

15. At the end of each year, Smith's employer deposits 3% of Smith's salary (for the year just finished) into a fund earning 4% per year compounded each year. Find the value of the fund just after the final deposit at the end of Smith's 35th year of employment (nearest 10,000) A) 450,000 B) 460,000 C) 470,000 D) 480,000 E) 490,000

ACTEX 2006