IFoA Exam IFoA_CAA_M0 Topic 10 Question 59 Discussion

Actual exam question for IFoA's IFoA_CAA_M0 exam

Question #: 59
Topic #: 10

[All IFoA_CAA_M0 Questions]

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

Describethe shape of the underlying data.

ANegatively skewed

BPositively skewed

CSymmetric

DSymmetric about the mean

Show Suggested Answer

Suggested Answer: B

by Lyda at May 02, 2024, 10:37 PM

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Julieta

24 days ago

The shape is definitely positively skewed. Looks like the insurance company is attracting a lot of young, hip customers. Maybe they should offer a 'TikTok dance challenge' for a discount.

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Madonna

27 days ago

A positively skewed distribution? I guess the insurance company is targeting the younger demographic. Maybe they're offering 'Fortnite' skins as incentives.

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Lucille

29 days ago

Hmm, the shape looks symmetric to me. Maybe I need to get my eyes checked, or the data is just playing tricks on me.

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Renea

30 days ago

The graph clearly shows a positively skewed distribution, with a long tail to the right. This indicates that the data has a higher frequency of younger individuals in the insurance contract.

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